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UK Employment question - Contract status unaffected or affected?
In the United Kingdom, if an employment contract is signed with a company that has two shareholders one and one director. But several years later the company structure changes to one shareholders (in the sense that one sold his shares) and two directors (original director resigned, one of the directors is the existing shareholder and a new director), is the original employment contract still valid if nothing has been signed since the company structure changes?
Or do I ultimately need to either read the contract carefully or get qualified legal advice?
Thanks!
3 Answers
- RichardLv 75 years agoFavorite Answer
Your contract is with the company, not with the owners or directors. If the company is still there, the contract is still valid. If it is not a company but a partnership and you are employed by one of the partners, then your contract with that partner is still valid regardless of the other directors or shareholders.
- TavyLv 75 years ago
Your contract has nothing to do with shareholders or Directors. Many large companies change at the top, it does not affect employment contracts.
UK
- 5 years ago
If this is still a valid company, the contract is valid.
Under common law the legal entity (the corporation) is your counterparty. The directors and shareholders are its representatives and can change.
