What to do about an education contract that I signed with my employer?
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What to do about an education contract that I signed with my employer?
I signed an education contract with my work stating they would “loan” me my tuition to attend their online school as long as I completed my degree and stayed with them for 2 years afterwards. The company was recently acquired by another institution. Can they still hold me to my original contract and require me to pay back the “loan” if I choose to stop attending the school?
Asked on September 29, 2012 under Employment Labor Law, Nevada
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Whether or not you are still obligated under your educational contract with the new company that acquired the company that you are in contract with depends upon what the terms of your contract states. As such you need to carefully read your contract to see if it applies to you and the former employer or an "assignee".
I suggest that you consult with a business attorney further about your matter and to have him or her review your contract.
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