Answer by Rajesh Bansal: I am purchasing a gym and some of the clients have paid in full for a year. Is this money that I should be entitled to as the new business owner ?

Questions

I am purchasing a gym and some of the clients have paid in full for a year. Is this money that I should be entitled to as the new business owner ?

Rajesh Bansal Agile Transformation Coach | Program Manager

yes you should ask for this money because this will be your liability
These customers are entitled for unconsumed part of the year if you close down the gym, however if you plan to continue running the gym (whatever name) then you are liable to provide these customers services till their year completes

Answered 5 years ago