Anonymous
2018-01-25 14:59:58
2018-01-25 14:59:58
Acquisition of Companies
Hi All, I'm interested to know what steps you take when a company notifies you of an acquisition? We get a lot of requests to move the contract and invoices to new entity since the existing contract holder is no longer in a position to pay for services (been absorbed / no longer trading under contracted name). We do our checks to make sure it's a legitimate request so I understand the need to transfer the contract but is there a standard way of dealing with these types of requests to avoid potential risks?
I know a novation would not be appropriate as we would be unable to obtain Director signature of a company that no longer exists. What other methods are available?
Thanks!
I know a novation would not be appropriate as we would be unable to obtain Director signature of a company that no longer exists. What other methods are available?
Thanks!