You can go to a company and ask to buy their office building. Or the name trademark. Or staff. Or customer database. Or website. And you continue this until you’ve acquired literally everything the company has except the actual company itself - it’s called an “asset acquisition” - so you get all the stuff, but because the original company technically still exists it’s left with most of the liabilities.
Most, because some liabilities thankfully do transfer.
In this instance:
According to VPNSecure’s owners, their acquisition netted them “the tech, the brand, and the infrastructure/technology—but none of the company, contracts, payments, or obligations from the previous owners.”
…how you can claim not to have gotten the contracts, yet be in a position to cancel them sound a bit of a, well, lie.
Yet it is.
You can go to a company and ask to buy their office building. Or the name trademark. Or staff. Or customer database. Or website. And you continue this until you’ve acquired literally everything the company has except the actual company itself - it’s called an “asset acquisition” - so you get all the stuff, but because the original company technically still exists it’s left with most of the liabilities.
Most, because some liabilities thankfully do transfer.
In this instance:
…how you can claim not to have gotten the contracts, yet be in a position to cancel them sound a bit of a, well, lie.