If an organization changes it's name, is the contract I signed still valid?

Full question:

If an organization changes it's name, is the contract I signed still valid (a church non-compete contract is the type of contract)?

Answer:

The answer depends on the circumstances surrounding the name change. Often an organization makes a name change by amending the articles of incorporation or articles of organization, which is the document filed with the Secretary of State when the organization is originally created, setting forth its name and other basic information. An unincorporated business may also amend its name only by filing a name change with the Secretary of State or city or county offices. When only a change of name of the organization has taken place, the legal entity of the organization remains the same. Therefore, all contracts entered into with the organization prior to the change of name process typically remain in full force and effect and will not require amendment or substitution.

 

 

If the organization no longer exists as a legal entity by being taken over by another company, the answer will depends on the terms of the sale and whether the contracts of the former company have been assigned to the new companny.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

When a company changes its name, the contracts it has signed typically remain valid. This is because the legal entity of the organization is still intact. However, if the organization has been dissolved or merged into another entity, the contracts may need to be reassigned or could become invalid depending on the specific terms of the merger or acquisition.