Legal Question in Employment Law in Illinois

relo repayment
I have taken a position where i signed a relo repayment agreement. This is in effect up to 2 years. After one year, I have figured out the start up business I was recruited to run(sales) is not viable losing extensive amounts of $$$ in year one. At the time of my interview, I was told it was a highly profitable engine and we were planning a 50% increase in staff. One year later, we have 30% less staff than when we started. In addition, the business, while growing very fast, continues to lose money. Assuming the worst on the repay agreement, do these extenuating circumstances force me to stay while the repay agreement expires and hoping the business is not closed?

Asked on 3/04/07, 5:54 pm

Peter LaSorsa The Law Offices of Peter M. LaSorsa, P.C.

0 users found helpful

0 attorneys agreed

Re: relo repayment

It would depend on more information, you may be able to prove fraud, but it is a very fact specific case....would need a lot more information

Answered on 3/18/07, 7:35 pm

Keywords

Match Any Match All

Country

State

Area of Law