At the sale of a business,all existing employment contracts will remain in effect under the new employer.

Name: At the sale of a business,all existing employment contracts will remain in effect under the new employer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a business is sold, the continuation of existing employment contracts under the new employer is not automatic and depends on the laws of the jurisdiction, the terms of the sale, and the agreements made between the parties involved.

At the Sale of a Business,all Existing Employment Contracts Will