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2015-02-17

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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

Can you change the name on a contract?

If you have already contracted, and the contract is in force, a name change does not change anything. The new name would hold good for whatever new things you would do. It is very simple : rights and liabilities cannot get extinguished by a mere change in name.

Is a contract still valid if a company changes its name?

If Company Changes Name Contract Valid. If a company changes its name, a contract will still be valid. However, before we can discuss the validity of a contract after a company changes its name, business owners should first understand contract law, and the requirements for entering into contracts with other parties.

What happens to contracts when a company changes its name?

When a company changes its name while the contract is in effect, the parties will want to ensure that they modify the terms. Some contracts might already include terms in the contract, which identify what happens if a company changes its name.

Does a contract carry over if a company changes its name?

or something to that effect. Even if the possibility of a name change isn't specifically mentioned in the contract language, the business doesn't get out of contracts just by changing its name and legal type. ... So, no, a name/entity type change doesn't mean a contract is void.

Is a contract still valid if the company is sold?

A contract is a legally binding document, which means that companies must honor it even if they no longer want to. There are some limited circumstances in which a company might be able to get out of honoring a contract, such as bankruptcy or your breach of the contract.

What happens to contracts in a merger?

The legal result of a consolidation or merger is that, by operation of law, the assets, contract rights, debts and liabilities of all constituent companies are vested in the surviving entity. In a forward merger, the target is merged with and into the acquirer and the acquirer are the surviving entity.

Can contracts be changed?

A contract of employment is a legal agreement between the employer and the employee. Its terms cannot lawfully be changed by the employer without agreement from the employee (either individually or through a recognized trade union). ... Your employer should not breach equality laws when changing contract terms.

Can my contract be changed without my consent?

A contract of employment is a legal agreement between the employer and the employee. Its terms cannot lawfully be changed by the employer without agreement from the employee (either individually or through a recognized trade union). ... Your employer should not breach equality laws when changing contract terms.

What is a change to a contract called?

Written, unilateral (but within the scope of changes clause), or mutually agreed upon (bilateral), change. A contract modification may introduce or cancel specifications or terms of an existing contract, while leaving intact its overall purpose and effect. ... Also called contract amendment or modification of a contract.

Can a contract be changed by one party?

A valid variation usually has four key elements. The parties must usually mutually agree to alter or modify the contract. In some circumstances the underlying contract might give one party a unilateral right to make certain limited changes, but agreement is normally necessary.

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