If I have a contract with a companybut itchanges its name, do I still have a contract?
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If I have a contract with a companybut itchanges its name, do I still have a contract?
I signed a contract with a martial art company for 3year but now he has switch companies and he is under a new company and he changed the name of the company is my contract still binding, if it was signed under the old company name.
Asked on February 29, 2012 under Business Law, Michigan
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
A change in company name has no effect on the enforceability of a contract. However, IS it the same company? That is--
1) The sensei, sifu, or other proprietor did not have an LLC or corporation (e.g. it was a sole proprietorship) and has just changed the name he does business under--still enforceable.
2) The company was an LLC or corporation and the only thing that changed is the name it does buisness under--stiill enforceable.
3) The company was an LLC or corporation; however, the owner has started a new LLC or corporation and has either dissolved, or simply ceased business as, the old company--in that case, the agreement is likely not enforceable as a practical matter. The agreement in this case was with a business entity that is no longer in business; the new entity is not a party to (or subject to) that contract.,
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