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Considering a Mission food route scared of termination clause

I am considering a Mission foods route. My biggest concern is the mission contract has a termination clause in it that says they can cancel at any time for any reason and it does not mention any compensation to the owner of the route. I consulted a lawyer and they said stay away from this as the seller wants cash up front with no guarantees.

Is this standard practice. Can I invest $250K and loose it all if mission decides to pull the plug?

I would appreciate any insight you have.

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We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

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Jesse Peterson
phone: (980) 239-7539

Jul 5, 2017
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a g
Fulton County, GA

Even if they offered to remove the clause I STILL would not do business with them. I don't trust people that put stuff like that in contracts. Yes you can loose it all.

While I am at it, here is what I told a couple other guys recently.

Lets get several people together in a holding company and buy several businesses in different industries. That way we are protected against individual failures (oh, did you buy that gas station right before they closed the street its on?) and economic fluctuations. Or conversely, we could form an agreement purchase the businesses on our own and then sell to our holding company. I'd be happy to help you guys out. I'm big on strategy and policy as well as fairly well educated and experienced.

Jun 30, 2014

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