Promise to pay for a car lease if terminated - enforceable?
I signed an employment agreement in 8/98 with the following clause:
MRC (company) shall lease a vehicle for Employee in the name of the
company in an amount not to exceed $550.00 per month;provided however
in the event of termination of employment by either party for any
reason, Employee shall be obligated for the unpaid portion of the lease.
Is this enforceable? I was not involved in the negotiation of the
lease or the terms. I have been told that this clause may be "against
public policy".
Answers (1)
Public policy alone probably will not prevent enfo
I don't know of any public policy that by itself would make the clause unenforceable if the contract itself is enforceable.
Depending on the sophistication of the parties and whether there was any negotiation of the terms of the contract, it might be unconscionable and therefore unenforceable. Many more details would be necessary to give any kind of definitive answer.
posted by John H. Otto | Feb 19, 2001 6:20 PM [EST]
I don't know of any public policy that by itself would make the clause unenforceable if the contract itself is enforceable.
Depending on the sophistication of the parties and whether there was any negotiation of the terms of the contract, it might be unconscionable and therefore unenforceable. Many more details would be necessary to give any kind of definitive answer.
posted by John H. Otto | Feb 19, 2001 6:20 PM [EST]
Answer This Question
Sign In to Answer this Question
Related Questions with Answers