Drafting an Agreement on the Change of Parties for a New Corporation

Cha & Kwon Law Offices provided legal review and advice on changes to contractual parties. In the case of establishing a new corporation and transferring the contractual obligations of the existing corporation to the new corporation, a detailed analysis of the existing contract is required.

The rights and obligations are relatively clear when parties, without existing contracts between them, enter a new contract. However, when a new third party gets involved in a situation where there is an already established legal relationship, a thorough legal diagnosis by an expert is essential.

Our firm pays attention to the specificity of contracts for changing parties and provides legal review and advice tailored to each client’s unique circumstances and conditions.

Consult with Cha & Kwon Law Offices for any questions regarding contract changes that require acute legal judgment in the process of establishing a new business or corporation.