Rick
TS Member
- Favourite Ride
- Crux
@IanSR Which two dead IPs are you referring to Ian?
I'm not going to pretend I know the ins and outs of contract law, but I would say that almost every commercial agreement I have been involved in has had a clause in it ensuring continuity in the event of a sale or ownership change. The agreement is with the company that has been bought, or has merged - they are still obligated because the purchaser is typically purchasing their assets, liabilities and obligations.
After all, a prime example is Marvel Super Hero Island. It wasn't replaced with Happy Fun Time Land, the contract allowed them to continue with it.
I'm not going to pretend I know the ins and outs of contract law, but I would say that almost every commercial agreement I have been involved in has had a clause in it ensuring continuity in the event of a sale or ownership change. The agreement is with the company that has been bought, or has merged - they are still obligated because the purchaser is typically purchasing their assets, liabilities and obligations.
After all, a prime example is Marvel Super Hero Island. It wasn't replaced with Happy Fun Time Land, the contract allowed them to continue with it.