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The verbiage for a name change addendum should clearly state that it serves to amend the original contract regarding the corporate name. A sample statement could be: 'This addendum serves to amend the contract dated original date, changing the name from old name to new name.' Clarity is key, as this helps to formally document the amendment change corporate name for contract and prevents future confusion.
You can use a contract amendment letter to list the changes to the original document and have both parties sign. You can create a contract amendment created from a template or from a legal services provider. You can add amendment pages?digital or print?to the end of the original signed contract.
In general terms, a change of name of a party is not a variation of contract as such, so, all things remaining equal, the contract remains valid and would not need to be amended to reflect the new name, unless, unusually, the agreement makes express provision to that effect.
If a company changes its name, a contract will still be valid. However, before we can discuss the validity of a contract after a company changes its name, business owners should first understand contract law, and the requirements for entering into contracts with other parties.
The company remains the same legal entity with the same registration number and other details, except for the change in its name. The process of changing the company name involves obtaining approval from the Ministry of Corporate Affairs (MCA) and updating the company's registration documents with the new name.
A legal name change has no affect on legal obligations.