Hi I purchased a business last year and an advertising company is calling and said that he has a contract signed by the previous owner from 2014. The contract is for advertising and that the account is now overdue because the yearly fee was not paid for in Jan of this year. I was never informed of this contract by the previous owner and now the advertising company says that I am responsible for the fees since Jan because it is automatically renewed every year (rolled over) and a written notice has to be given for cancellation of contract. My question is, am I responsible for past fees since I was not aware of this contract? Also I am not the person who signed the contract so am I eligible to cancel it. Thank you
Answer by Mike C Stewart, P.Eng
British Columbia lawyer
Posted over 3 years ago
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