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What if a contract is shared in bad faith by the vendor?
14-Oct-2023 (In Corporate Law)
I have recently started working as a Procurement professional in one of the top firms. I have this fear of contracts sent in bad faith. To explain it further and precisely. What if a supplier sends in a contract with M&A clause in it. What if it has a acquisition clause and it gets signed by one of our executives?
While I may not be able to opine anything in absence of the contract. From what you say might be a genuine foul play from Supplier & your company executives OR it may have some other, however unlikely, explanations. In any case it is difficult to say anything in absence of contract and knowing circumstances surrounding it. I suggest you talk to superiors, the executives and concerned persons to know the explanation.
Helpful?
What position, the one who signed on that Document having M & A Clause holds in that firm is a pivotal question, based on which, I can aswer the question of your query. What responsibilities that employee was holding is another pivotal question based on which, answer of your legal query can be given.
Helpful?
Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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