B2b Contractual Dispute Guidance

Summary

In Kentucky, the ability to sue over a B2B contract depends on the agreements specifics, the timeline of events, and whether the new corporation owner assumed liabilities. Review the original contract for clauses about transfer of obligations and check the sale agreement for liability assumptions. Corporate records can be accessed through the Kentucky Secretary of States website. Consult a legal professional for personalized advice.

Full Conversation

I want to know if a person can sue me over a B2B Contract where they are the corperation and i am a solproprietor but the person sold the corperation a few years prior to the lawsuit
Hey ****! To understand better, could you clarify if the lawsuit is based on actions or agreements made before the corporation was sold?
Agreement for restoration work on an item prior to selling his corporation
Hey ****! In Kentucky, the validity of a lawsuit in such scenarios depends on several factors:
- The specifics of the agreement.
- The timeline of the restoration work and the sale of the corporation.
- Whether the new owner of the corporation assumed liabilities for past agreements.
Would you like guidance on how to proceed legally?
Yes
Case Rating: *
Hey ****! Here are some general points to consider for your situation in Kentucky:
- Review the original contract for any clauses about transfer of obligations.
- Determine if the new corporation owner assumed liabilities.
- Consult with a legal professional to review your specific case details.
Would you like more detailed guidance or have any specific questions about this process?
How to determine assumed liabilities in Arkansas
Case Rating: *
Hey ****! To determine assumed liabilities in Arkansas, consider the following steps:
- Review the original contract for any clauses about transfer of obligations.
- Check if the sale agreement of the corporation includes a clause about the assumption of liabilities.
- Consult with a legal professional to review the specific details of your case.
Would you like more detailed guidance or have any specific questions about this process?
Yes
Case Rating: *
Hey ****! Since you are located in Kentucky, it's important to focus on Kentucky laws rather than Arkansas. Here's what you can do in Kentucky to determine assumed liabilities:
- Review the original contract for any clauses about transfer of obligations.
- Check if the sale agreement of the corporation includes a clause about the assumption of liabilities.
- Consult with a legal professional to review the specific details of your case.
Do you have any more questions about this process?
Are corperate records public?
Case Rating: *
Hey ****! In Kentucky, corporate records can be accessed by the public through the Kentucky Secretary of State's website. You can search for business entities and view some records, such as the Articles of Incorporation and annual reports.
Do you have any other questions related to your case?