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Simple English definitions for legal terms

continuity-of-enterprise doctrine

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A quick definition of continuity-of-enterprise doctrine:

The continuity-of-enterprise doctrine is a legal principle that holds a new company responsible for the actions of the old company if they continue to do the same business, with the same employees, under the same conditions, and using the same processes to make the same products for the same customers. This means that if a company buys another company and continues to operate it in the same way, they can be held accountable for any legal issues that the old company had.

A more thorough explanation:

The continuity-of-enterprise doctrine, also known as the substantial-continuity doctrine, is a principle that holds a successor corporation responsible for the actions of its predecessor corporation if the successor continues the same business as the predecessor. This means that if the successor corporation maintains the same employees, supervisors, working conditions, production processes, and customers as the predecessor, it can be held liable for any legal claims against the predecessor.

For example, if Company A sells its assets to Company B, and Company B continues to operate the same business with the same employees, equipment, and customers, then Company B can be held liable for any legal claims against Company A. This is because Company B has essentially taken over the operations of Company A and is continuing the same enterprise.

Another example is if a company changes its name or ownership structure but continues to operate the same business with the same employees, equipment, and customers. In this case, the continuity-of-enterprise doctrine would apply, and the company could be held liable for any legal claims against its predecessor.

These examples illustrate how the continuity-of-enterprise doctrine works by holding successor corporations responsible for the actions of their predecessors if they continue the same business operations. This principle helps ensure that companies cannot escape liability by simply changing their name or ownership structure while continuing to operate the same business.

continuity of business enterprise | continuity-of-entity doctrine

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We not gonna see splitterus for 4 hrs
HAHAHAHHA
MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
i dont really like chromakopia that much i also havent gotten thru it
JumpySubsequentDolphin
17:18
idk splitty :(
if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
yeah seeing him live prob makes it a million times better
Thought I was dead is great raps
2024 such a great year for rap
JumpySubsequentDolphin
17:21
i like noid
even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
boogies album was the worst ever
JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
He's never really been my style tbh
shaquilleoatmeal
17:43
went to eat - did anyone guess the bowl lmao
shaquilleoatmeal
17:43
ooo yall were too busy with that kendrick shit
shaquilleoatmeal
17:45
put me on - whats the first song on the album thats heat
babycat
17:45
I don’t know sweetgreen like that because I’m not part of the PMC. your legs looked super tan though
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