ALS portability is usually at stake when your service provider has merged with another entity or been sold to another company. Assuming that the company or new entity forming after the merger intends to assume the obligations of the service provider, they will of course assume responsibility and comply with the agreements reached to date. Unfortunately, this is not always the case. Any agreement made by a company as a legal entity is extinguished when the company is no longer a legal entity. Therefore, the new entity does not assume responsibility for the old one. [YOUR COMPANY NAME] is committed to promoting [CLIENT NAME] with public relations services in the form of a media campaign for the new Kale Coconut smoothie in the New York and Los Angeles markets. The campaign will begin on January 1, 2017 and end on December 31, 2017. [YOUR COMPANY NAME] is committed to producing press releases, social media contributions, e-newsletters and targeted electronic communications for food and lifestyle journalists in print and electronic media. [YOUR COMPANY NAME] provides [CLIENT NAME] with a monthly report that describes the media audience and results. 6.4 Insurance/authorization. The company must assume appropriate responsibility, ownership, work allowance, umbrella insurance and other insurance of this type and an amount generally borne by persons engaged in similar activities in the same type of business, except in all cases where other types of insurance or higher amounts are required of the client. On request, the company provides the customer with a certificate (s) of insurance that is the same. The entity assures, guarantees and obliges the client to have and/or maintain all authorizations, licenses, authorizations and other authorizations necessary to carry out its obligations under this agreement.
Here is the overview of the agreement between you (the contractor) and the client who hired you for your services for an agreed fee.