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I realize I am a bit late in replying, and also I have no legal backgroud, I actually came here for advice myself. But since you don't have any other replies, I thought I would share my 2 cents. I don't know about the legalities of it, but I do know of manufacturing companies in my industry...

If a C Corp business owner signed an agreement that included the phrase "this constitutes a personal contract" does that agreement autmatically cancel if the business owner decides to sell the company, or is it a part of the company itself?