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Merchant states that lease is non-cancellable for 48 months. I have paid 17 months and closed my business. Merchant wants me to pay remaining 31 months.
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You will have to have lawyer look at the agreement terms and help work through the options. If you have a personal guarantee, you may well be stuck as the obligation was yours as well as the business.
Answered on Jan 21st, 2015 at 12:54 PM