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Posted by Crash Gordon on May 13, 2008, 12:27 am
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**Crash Gordon**
>>technically, without a contract...you have nothing to sell.
>
> Not necessarily. If the seller has his customers signed up to
> month-to-month contracts, the accounts may still have value, though
> probably less than a longer-term contract would be worth.
>
> If the seller has no contracts at all, or contracts that don't contain the
> proper language to limit liability, the buyer may require the seller to
> sign his accounts up on the buyer's contract form as a condition of sale.
> Not the best arrangement for the seller, obviously.
>
> Finally, nobody has mentioned the guarantee period. The seller will be
> expected to guarantee that the accounts he sells will continue making
> payments to the buyer for some period of time after the sale. Part of
> this
> is to keep sellers from getting paid for deadbeat , cancelled, or
> nonexistent accounts, part of it is to protect the buyer from paying for
> accounts that cancel or go out of business a short time after the sale.
> The buyer holds back a percentage of the purchase price until the end of
> the guarantee period. Even on month-to-month contracts, this amount gives
> the buyer some protection.
>
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