Change Asset Vendor’s Name Clause Samples

The 'Change Asset Vendor’s Name' clause allows for the official alteration of the name of the vendor associated with a particular asset in a contract or agreement. This clause typically outlines the process by which the vendor’s name can be updated, such as requiring written notice or documentation to confirm the change, and may specify that all references to the previous name in the agreement will be deemed to refer to the new name. Its core function is to ensure that contractual records remain accurate and up to date in the event of a vendor’s rebranding, merger, or legal name change, thereby preventing confusion or disputes regarding the identity of the asset vendor.
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Change Asset Vendor’s Name. Forthwith following the completion of the purchase and sale of the Purchased Assets under this Agreement, the Asset Vendor shall discontinue use of the name “▇▇▇▇▇▇▇▇ Technologies, Inc.”, shall cause ▇▇▇▇▇▇▇▇ Technologies Ltd. to discontinue use of the name “▇▇▇▇▇▇▇▇ Technologies Ltd.” and shall cause ▇▇▇▇▇▇▇▇ Technologies UK Limited to discontinue use of the name “▇▇▇▇▇▇▇▇ Technologies UK Limited”, except where legally required to identify the Asset Vendor, ▇▇▇▇▇▇▇▇ Technologies Ltd. or ▇▇▇▇▇▇▇▇ Technologies UK Limited, as the case may be, until its name has been changed to another name. The Asset Vendor shall deliver at Closing articles of amendment to change the corporate name of the Asset Vendor, ▇▇▇▇▇▇▇▇ Technologies Ltd. and ▇▇▇▇▇▇▇▇ Technologies UK Limited respectively, to another name not including the word “▇▇▇▇▇▇▇▇” and otherwise not confusingly similar to their present names. The Asset Vendor shall file and shall cause each of ▇▇▇▇▇▇▇▇ Technologies Ltd. and ▇▇▇▇▇▇▇▇ Technologies UK Limited to file, such articles of amendment with the applicable Governmental Authority immediately following the Closing.
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