How party be changed in same contract
SANJAY SINGH
(Querist) 25 July 2017
This query is : Resolved
Sir,
Thanks !!!
My company "C" placed purchase order to vendor "V" for a rate contract for two years for supply to a location "L" of the company. The vendor "V" has executed part of the order.
In the meantime my company "C" has formed a joined venture company "J" and the particular location "L" is now part of the new joint venture company "J".
Now, the unexecuted part of the contract is required to be shifted to the new Joint venture company.
Kindly request expert to please advise on the steps to be taken.
Thanking you.
Kumar Doab
(Expert) 25 July 2017
Either J may agree to forget L till it is covered by V or V may agree to end the agreement........
Kumar Doab
(Expert) 25 July 2017
Or both V and J have right to question J.........
What is the opinion of your own Executives that have partied with executives of both V and J and your legal cell.......or your own counsel at your own location.......
Kumar Doab
(Expert) 25 July 2017
You may wait for some time as some expert may want to post some inputs.......
Kumar Doab
(Expert) 25 July 2017
The response to queries in threads at LCI is without any costs and is FREE.......
Rajendra K Goyal
(Expert) 25 July 2017
Company can afford consultant / legal adviser.
