Re: Need good sound advice

Subject: Re: Re: Need good sound advice

Comments:
: : I have a question: : : If a company has distribution agreement for music from a company and that company is purchased (ie. all stock/assets) from a larger company what should legally happen? : : *the original distribution contract with the first company stated that "only with written approval may the contents of this distriubtion agreement be assigned to any other company"----which they did NOT get! : : So my question is this.... : : A. Since the stock was purchased by the larger company shouldn't they have to pay us for our stock? : : B. The "larger" company is currently selling our products right now without (in my opinion) a valid distribution agreement. : : So what legal action can we take? : : Any and all help will be greatly appreciated! : : Thanks! : : Donnie : Dear Donnie, : Questions like this keep lawyers in business. : The question is not clear. : My reading is that if a Corporation has an agreement, unless the agreement specifically provides that a change in ownership or control of the corporation voids the agreement, then the agreement continues in the bought Corporation. : M. Arthur Auslander : Auslander & Thomas-Intellectual Property Law Since 1909 : 505 Eighth Avenue, New York, NY 10018 : 212-594-6900, fax 212-244-0028, aus@auslander.com : ELAINE's Workshop(sm) : E arly L egal A dvice I s N ot E xpensive(sm)

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