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Gym changing ownership

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  • 23-03-2014 4:34pm
    #1
    Ah_Yeah
    Registered Users Posts: 3,020 ✭✭✭


    My gym is entering into a Company Voluntary Arrangement (CVA), meaning a new gym will be taking over the lease, along with ownership of the gym -the name of the gym will change too. Does this mean my contract has changed and I have a right to get out of my contract before my year is up?


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    #2
    Tigger
    Closed Accounts Posts: 16,705 ✭✭✭✭Tigger


    who is the contract with?
    if its with gymname1 and they are no longer trading then you can if gymname1 was taken as a going concern then its still valid as its only under new management

    so probably


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    #3
    Ah_Yeah
    Registered Users Posts: 3,020 ✭✭✭Ah_Yeah


    Tigger wrote: »
    who is the contract with?
    if its with gymname1 and they are no longer trading then you can if gymname1 was taken as a going concern then its still valid as its only under new management

    so probably

    Well gymname1 will still be trading, but a number of their clubs are being sold/taken over by other gyms, so the name of the gym will change too, but they are saying membership will not change despite this? Contract is with gymname1.


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