if a company changes names should the existing contracts be amended with the new name?
1 Answer from Attorneys
Not necessarily. Is this only a name change or has the company itself changed (i.e., it now has a new EIN)?
Also, do the agreements address assignment?
If just the name changed, you can just circulate a notice letting parties know that the name has changed but the underlying ownership and EIN are the same. If the underlying ownership if different however then this needs to be addressed from a contractual standpoint.
If you need clarification, I suggest that you consult with a lawyer in private and discuss your objectives in more detail. You can start by calling around to several for a free phone consultation, get some insights then pick the best fit to work with.
If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.
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