Legal Question in Business Law in Massachusetts
Legal clarification (Urgent)
If a company goes for a merger and contract with one of its clients is not assignable what would it effect be?
Asked on 7/23/07, 6:27 am
2 Answers from Attorneys
henry lebensbaum
Law Offices of Henry Lebensbaum (978-749-3606)
: Legal clarification (Urgent)
The buying company steps into the the shoes of the selling company, unless the contract says something to the contrary.
However, I am not sure I understand your question completely.
Answered on 7/23/07, 9:13 am
Re: Legal clarification (Urgent)
You have to look carefully at the language of the contract. A Merger is not necessarily an assignment. Also, it will depend on the assignment restrictions.
Without actually reading the agreement, it would be impossible to advise you. Please feel free to contact me if you have more questions.
Answered on 7/23/07, 9:55 am