Situation:
I own a motorsports company that provides motorsports events to county fairs.
A fair recently contacted me about another motorsport company (we'll call them "Company X"). They currently have a contract with Company X to provide the fair with a motorsport event.
The owner of Company X has been indicted on 101-counts of Fraud and Theft in relation to a totally separate company that the owner of Company X also owns. I have the report but it won't let me post links in here, so I can send via e-mail if necessary.
The owner of Company X is also under order of repossession for the monster trucks he was going to provide the fair. Again I can provide the link to show this documentation via e-mail.
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The fair is already in a signed contract with Company X, and Company X claims (and can) get other monster trucks to perform at the fair event in lieu of the trucks that are repossessed.
The fair is asking me if there is any way they can get out of the contract with Company X and not be potentially sued for breach of contract? They are very worried about being burned by Company X is some fashion, but no detrimental actions or breach of their contract has been committed by Company X.
I do not have access to the contract, and the contract was written in the state of Arizona.
I own a motorsports company that provides motorsports events to county fairs.
A fair recently contacted me about another motorsport company (we'll call them "Company X"). They currently have a contract with Company X to provide the fair with a motorsport event.
The owner of Company X has been indicted on 101-counts of Fraud and Theft in relation to a totally separate company that the owner of Company X also owns. I have the report but it won't let me post links in here, so I can send via e-mail if necessary.
The owner of Company X is also under order of repossession for the monster trucks he was going to provide the fair. Again I can provide the link to show this documentation via e-mail.
-----
The fair is already in a signed contract with Company X, and Company X claims (and can) get other monster trucks to perform at the fair event in lieu of the trucks that are repossessed.
The fair is asking me if there is any way they can get out of the contract with Company X and not be potentially sued for breach of contract? They are very worried about being burned by Company X is some fashion, but no detrimental actions or breach of their contract has been committed by Company X.
I do not have access to the contract, and the contract was written in the state of Arizona.