Buyout

[PRESSURE PACKED]

We are trying to negotiate a pm and they said that they would love to hire us,,but there buyout is 5000..in general what do you guy suggest..we offer or do....I am stuck please chime in

[David O'Connell Jr.]

Buy out?

[PWkid]

Buy out? Do they mean how much money you are willing to offer to get the job?

[DAVID V]

I think it's the cost the PM would have to pay to the other company
if they cancell their contract.

[Paul Kassander]

There is always an out for poor service in the contracts I cant believe they don't have an out in there somewhere. All they usually have to do is give notice, most of the time it is 30 days. Have him check the contract a little closer.

[PRESSURE PACKED]

Originally Posted by Paul Kassander

There is always an out for poor service in the contracts I cant believe they don't have an out in there somewhere. All they usually have to do is give notice, most of the time it is 30 days. Have him check the contract a little closer.

the buy out is 5000 bucks or six months notice it is a 10000 a year contract

[Scott Stone]

Tell them to document it, and fire them. It would not hold up in court. That is a very typical ploy to scare those that are unwilling to check the legality of something. Personally, I cannot believe that they even signed that type of contract.

[MMI Enterprises]

Then the sense of a yearly contract versus a monthly is what?