Quote:
Originally Posted by Rot 911
Is the company name that is on the contract the one that you closed? Is the company a LLC or incorporated? If so, he can only sue the company and not you personally. If the company is closed and there are no assets, then there is nothing he can collect on. Your attorney should know this.
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As I understand the OP, the company named on the contact is not closing--an agency within the company is what's being closed.
To your other points--is the company an LLC or incorporated--those are not clear, but it is likely the contractor is suing the company, not him personally. My guess is the lawyers see a great deal of confusion in the contract, the existence of a separate agency, the acknowledgement by the company (the OP) that the contract is valid due to his actions after the partner left, and this tangled mess leaves open room for a suit that could go either way. Smart move would be to pay up and get past it.