Successors and Name Changes Sample Clauses
The "Successors and Name Changes" clause establishes that the rights and obligations under the agreement will continue to apply to any parties that assume the original parties' roles, such as through mergers, acquisitions, or legal name changes. In practice, this means that if a company changes its name or is acquired by another entity, the contract remains binding on the new or renamed entity without requiring a new agreement. This clause ensures continuity and enforceability of the contract despite changes in the parties' identities, preventing parties from avoiding their contractual responsibilities through organizational changes.
Successors and Name Changes. The Block Companies represent that the following mergers and name changes have occurred, and each of the Parties hereby acknowledges the following:
(a) Effective as of October 10, 2008, H&R Block Services, Inc., a Missouri corporation has changed its name to “HRB Tax Group, Inc.,” and accordingly all references to “H&R Block Services, Inc.” in the Program Contracts shall be deemed to be a reference to HRB Tax Group, Inc.
(b) Effective as of December 31, 2007, H&R Block Tax Services LLC, a Delaware limited liability company, is the successor by merger to H&R Block Tax Services, Inc., a Missouri corporation (“Block Tax Services”) and accordingly succeeds to all of H&R Block Tax Services, Inc.’s rights and obligations under the Program Contracts;
(c) Effective as of December 31, 2007, H&R Block Enterprises LLC, a Delaware limited liability company, is the successor by merger to H&R Block Enterprises, Inc., a Missouri corporation (“Block Enterprises”) and accordingly succeeds to all of H&R Block Enterprises, Inc.’s rights and obligations under the Program Contracts;
(d) Effective as of December 31, 2007, HRB Digital LLC, is successor by merger to H&R Block Digital Tax Solutions, LLC, a Delaware limited liability company (“Block Digital”) and accordingly succeeds to all of H&R Block Digital Tax Solutions, LLC’s rights and obligations under the Program Contracts;
(e) Effective as of December 31, 2007, Block Financial LLC, a Delaware limited liability company, is the successor by merger to BFC and accordingly succeeds to all of BFC’s rights and obligations under the Program Contracts; and
(f) Effective as of December 31, 2007, HRB Royalty, Inc., a Delaware corporation has changed its name to “HRB Innovations, Inc.,” and accordingly all references to “Royalty” in the Program Contracts shall be deemed to be a reference to HRB Innovations, Inc.
(g) Effective as of July 1, 2008, H&R Block Associates, L.P. was dissolved.