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When a business is sold, existing contracts may be transferred to the new owner, depending on the terms of the sale agreement and the consent of the parties involved. The new owner may choose to honor the existing contracts or negotiate new terms with the parties involved. It is important for both the buyer and seller to review and understand the implications of the existing contracts during the sale process.
What else can I help you with?
Define stock rotation in food business?
new inventory is stocked behind or under existing inventory, so that the older product is sold or used first.
What happens to assets when a business closes?
When a business closes, its assets are typically sold off to pay creditors and other obligations. Any remaining assets may be distributed to the business owners or shareholders.
When are contracts exchanged when a property is sold at auction?
it is when you min is awesome
Why are commodity futures contracts transferable?
Commodity future contracts are transferable (can be bought and sold), to realize a profit or loss, but the obligation in the contract remains valid.
What happens to assets when a business closes down?
When a business closes down, its assets are typically sold off to pay off any outstanding debts and obligations. Any remaining assets are then distributed to the business owners or shareholders.
What could happen to a person found guilty of crime in the south after the thirteenth amendment become law?
Their labor could be sold to a business owner
In Texas what happens to a business if the owner dies without a will?
The business will be a part of the estate. It will be inventoried and valued like the other assets. The executor can authorize the business to continue operations if it makes sense to preserve the value of the estate. It can be sold as well.
Why are commidity future contracts transferable?
They can be bought and sold but the obligation in the contract remains valid.
What Commodity futures contracts can be bought and sold on the open market for reasons?
Futures contracts remain valid even if the original parties to the contract sell the rights.
Can you buy a ups route?
Yes, you can buy a UPS route, often referred to as a UPS delivery route or franchise. These routes are typically sold as part of an established business, and the purchase may include the rights to operate the route, vehicles, and existing customer contracts. However, acquiring a UPS route usually requires adherence to specific guidelines and approval from UPS, along with a significant financial investment. It's advisable to conduct thorough research and possibly consult with a business advisor before proceeding.
How do you liquidate its existing stock This means their merchandise needs to be?
sold off.
What if your company needs to liquidate its existing stock means?
sold off
