Contracts are no where near that standardized, it might just come down to the specific language/clause that was used, either done deliberately or just some lawyer group’s normalized process.
As specified in the term, that’s negotiated up front it doesn’t transfer. Not every contract stipulates that, and some do transfer… so there is precedence already.
Contracts are no where near that standardized, it might just come down to the specific language/clause that was used, either done deliberately or just some lawyer group’s normalized process.
… *nowhere
Still the contract should be void, when the legal entity ceases to exist.
When a company is bought, it’s not the same legal entity or “person”.
Seems to me this is merely arbitrary bullshit, where American courts tend to favor American companies.
Sounds like a great and easy way to get out of contracts by selling yourself to yourself for $1.
Why would a contract be null and void due to a sale…? That makes no sense at all.
Same reason when companies play the same game with consumers.
“Non transferable warranties and EULAs”
You’re not actually trying to paint that as somehow a good thing though, are you?
As specified in the term, that’s negotiated up front it doesn’t transfer. Not every contract stipulates that, and some do transfer… so there is precedence already.