Have Legal Questions? Ask a Lawyer Now.
Thank you for your question. Please permit me to assist you with your concerns.To answer your question directly, if a new company takes over a contract, they 'step into the shoes' of the past party. That means that they are required to honor all of the parts of the initial agreement unless the contract allows for modification or nullification from one side. If not, the initial terms remain and one side of the contract is not able or permitted to make unilateral changes without the other party consenting to terms. Disclosure is required, and so is consent.Good luck.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).