Debt Recovery

[tim123]

So now Polaris Ltd's contracts have been bought over by Jumbo Contracting, a new-startup I believe.
As the client's contract was originally with Polaris. Do they have any room to maneuver on breaking the contract or do all agreements stand as before?

Thay have legitimately "bought" the contract from the previous owner.

This does not, in any way, constitute a breach.

tim

[mikeyboy]

Thay have legitimately "bought" the contract from the previous owner.

This does not, in any way, constitute a breach.

But did Polaris themselves not breach contract when they were constantly late with payment to their contractors?(14 days terms) And in the end stopped paying their contractors altogether?