Legal Question in Banking Law in Michigan

I had a factor referral contract with a bank and received commissions from that contract on a monthly basis. The bank recently sold the factoring division to another bank which will not honor the contract. Is there any obligation on the new banks part to honor the referral agreement? Do I have any options?

Asked on 5/18/10, 10:24 am

1 Answer from Attorneys

Francois Nabwangu Wright Cantrell PLLC

It depends on what the contract says. Call us for a free consultation. 877 887 9562

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Answered on 5/25/10, 3:59 am

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