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If You Acquire a Business Do You Also Acquire its Contractual Obligations

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  • 12-20-2016, 08:03 PM
    lawfacts
    If You Acquire a Business Do You Also Acquire its Contractual Obligations
    If you acquire another company, and that company has a contract with a supplier that you would like to simply terminate, is there a way to avoid having to follow its early termination provisions or do you have to abide by the contract?
  • 12-21-2016, 12:22 AM
    Mr. Knowitall
    Re: If You Acquire a Business Do You Also Acquire its Contractual Obligations
    The first place to look is in the contract itself. If nothing in the contract prevents its assignment or acquisition, then the normal rule is that when you acquire a company you also acquire its obligations.
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