Can a contract be transferred between entities?

If I signed an agreement, not a lease, with the owners of my apartment complex 6 years ago; 3 years ago they

sold the apartment to another entity. Can the new entity enforce that agreement if they were not the original

signers of the agreement?

Asked on December 8, 2018 under Business Law, Kentucky


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 1 year ago | Contributor

Yes, they can. Unless there is a non-assignment provision in the contract which prevents a party from "assigning," or transferring, the contract to another, contracts may be assigned--and commonly are, when a business (e.g. being a landlord) is sold to another.

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