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?
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?
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.