Can the new manager of a company terminate a contract that was set in place prior to his coming aboard?
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Can the new manager of a company terminate a contract that was set in place prior to his coming aboard?
The person who signed the contract has been fired and the new manager is stating he does not have to honor the contract. No new owner just new manager.
Asked on January 5, 2014 under Employment Labor Law, Colorado
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
The new manager cannot terminate a contract that was in place prior to him becoming manager. The provisions of the contract are controlling as to when, how and under what circumstances a contract can be terminated.
If the new manager does not comply with the terms of the contract, the company can be sued for breach of contract.
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