Maryland | Business Law
Legal Question
If a Corporation Does Not Exist Because of Delinquent
A company forfeited its corporate status in October 2001
because of delinquent taxes. According to the State of
Maryland, ''its existence has been ended by the State
for some delinquency.''
A subcontracting company signs an agreement with this
''company'' in January 2002, not knowing about its status
according to the State of Maryland. This agreement covers
nondisclosure, confidentiality, noncompetition, that legal
proceedings must occur in Maryland, and that legal fees
must be paid by the subcontracting company to cover
everything that is delineated in that contract.
This contract was signed by the officer of a corporation
that does not exist according to the State of Maryland.
Is this contract valid and legally binding? If not,
is there a special term for where this contract stands,
like ''voided''?
Thank you for your help.
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