At 12:00 PM 6/14/1998 -0500, Brett Lorenzen so eloquently stated: >On Fri, 12 Jun 1998, Jack Killpatrick wrote: > >> > >> > Interesting one. I'd hazard a guess that in most legal jurisdictions when >> > you buy a company you also by all assets and liabilities with it, and all >> > written and implied guarantees and warranties. In other words, you have to >> > abide by any privacy guarantees given by the company you've purchased. >> >> Can anyone confirm? > >You sure do . . . for all of the .5 seconds it would take to change them >:P > No necessarily so. In many cases the assets only are purchased, and the money is used to pay the liabilities or the old company is sunk (bankrupt). It depends on the terms of the sale. If the selling company is in real bad shape (financially) the buying company may not want them. In other cases the name may have value. A case in point in which I was personally involved: Western Union was owned by an investor and the company was in serious trouble. The name was changed, but the trademark was kept and sold. The changed company name then went out of business. G _______________________________________________________ George Matyjewicz, C.M.O. mailto:[EMAIL PROTECTED] GAP Enterprises, Ltd. http://www.gapent.com/ Moderator of E-Tailer's Digest http://www.gapent.com/etailer/ Your Resource for Retail on the Net MYWEB - Marketing Your Web mailto:[EMAIL PROTECTED]?Subject=MYWEB_Info ____________________________________________________________________ -------------------------------------------------------------------- Join The Web Consultants Association : Register on our web site Now Web Consultants Web Site : http://just4u.com/webconsultants If you lose the instructions All subscription/unsubscribing can be done directly from our website for all our lists. ---------------------------------------------------------------------
