On Sat, 11 Jul 2009 22:14:08 +0100, rousseau <invalid@invalid.invalid>
wrote:

>Chris Blunt wrote:
>
>> On Sat, 11 Jul 2009 19:14:09 +0100, "Andy Pandy"
>> <spam8times@wonderful.spam.invalid> wrote:
>>
>>>
>>>"Chris Blunt" <mail@nospam.com> wrote in message
>>>news:jijj45dr4gc1h38710jtsk781b93jb0k87@4ax.com ...
>>>> On Tue, 30 Jun 2009 08:27:02 +0100, rousseau <invalid@invalid.invalid>
>>>> wrote:
>>>>
>>>> >Early days, I know, but if the mooted takeover of T-Mobile UK by
>>>> >Vodafone goes ahead, would I have grounds for cancelling my contract
>>>> >without penalties?
>>>>
>>>> On what basis? A change in ownership of T-Mobile would not affect the
>>>> validity of any existing agreements that the company had entered into.
>>>
>>>Does this work the other way round too? Can I take out a contract and then
>>>transfer ownership of that contract to my mate who has an appalling credit
>>>history?
>>
>> Your contract is not being transferred to another company. Your
>> agreement was, and still is with T-Mobile. The only thing that might
>> be changing is the ownership of T-Mobile.
>
>And one of the deciding factors when I take out a contract (i.e. buying
>anything) is the ownership of that company. If it changes hands to someone
>else I don't see why I should be obliged to continue that relationship if I
>don't like the new owners.

You are legally obliged to continue the relationship because you
signed a binding contract with the company. If you wanted the right to
cancel a contract if ownership of the company changed then you should
have made sure that a clause to that effect was included in your
contract.

Ownership of any publicly listed company changes on a daily basic as
various people buy and sell shares in them. How could any company
possibly continue to function if every agreement they had entered into
was subject to cancellation every time someone bought or sold their
shares?

Chris