Corporate restructures are not unusual - But, usually you don't get emails worded in that way about companies moving your service between internal companies.26875 Ensembl ENSG00000186472 ENSMUSG00000061601 UniProt Q9Y6V0 Q9QYX7 RefSeq (mRNA) NM_033026 NM_014510 NM_001110796 NM_011995 RefSeq (protein) NP_055325 NP_149015 NP_001104266 NP_036125 Location (UCSC) Chr 7: 82.75 – 83.16 Mb Chr 5: 14.56 – 14.91 Mb PubMed search Wikidata View/Edit Human View/Edit Mouse Protein piccolo is a protein that in humans is encoded by the PCLO gene. I don't understand the email about assigning the contractual obligations if it's Not an attempt to limit the parent company's liability by moving any potential future claim from their own customers to a sub-Company Who, since they say is a subsidiary: I expect would most likely be given control of less money and property / have a lesser subset of a parent company's assets and interests at risk, intellectual property, etc, in case they became insolvent or failed to provide services paid for - Also known as: bankruptcy proceedings limited to the subsidiary, meanwhile the parent company keeps ownership of whatever if any hard assets, intellectual property, or profits collected in the past.Īnd that's why the email makes me wonder. Thus companies don't usually send customers things like that when they restructure internally. Customers wouldn't care about which subsidiary is taking on the parent company's contractual obligations, as long as they ensure one of their related organizations provide what is paid for, and a parent company generally has the title to all the property and resources of its subsidiary companies. I don't get the wording of the email: why they wouldn't just say their name is changing, and your accounts will be serviced by (Subsidiary name) going forward, rather than start with an email about contractual obligations.
Most likely: assignment of their obligations under a contract to a child company does not release the original company entirely of possible liability if their new assignee fails, anyways, but on the other hand maybe not?
Concern here would be I subscribed to the Lifetime plan which involved a high frontloaded cost paid upfront with the expectation of receiving service over 10+ years so most of the term is thus not used yet, provided they stay in business.
They can put whatever date they like on the email they send out I guess, but backdating a notice probably makes it ineffective.
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