Did you know that if you buy or sell a company that already has government contracts, you have to get approval from the government to KEEP those contracts? In fact, you have to get approval from EVERY government agency/organization individually. This is part of a process called contract novation. In this episode of Game Changers, we sit down with Steve Meredith from the Southwestern Pennsylvania Commission to discuss the basics of contract novation. If you are involved in the sale or acquisition of a company (currently or in the near future) that has government contracts, you don't want to miss this episode.
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