Q: Medical Practice Owner in Breach of Contract
Practice owner has been approached by an investment party that want to buy 51% o the share. Owner is now giving notices and terminating all previous 'profit sharing' or branch partnership contract without any reason.
1. Is this legal?
2. As the investment company started the discussion BEFORE any termination notices, would previous branch partners / shareholders qualify for share?
A: Your important questions cannot be answer here on Justia The concerns expressed are dependent upon the terms of all the written contracts involved; so you should contact a local business lawyer to advise you.
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