What happens when a new company takes over a contract in an old company's name?
Question Details: My partner has a contract for work with a general contractor that we will be doing with the new business but I do not want to change the contact. Can I add the old company name as a DBA or other?
You want the new company to take over the contract in writing, to make sure they are obligated to it. This can be done with a one-page addendum to the contract stating the names of the new/current parties to the contract and stating that the new company is assuming the contract and will be bound by all its terms.
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