Using business experience of the seller by a young buyer corporation to bid works/contract with a PSU
<p>Company A, an existing multinational for 10 years, enters into a Business Transfer Agreement with a small Indian firm, B, incorporated in 2019.</p>
<p>Can B quote the experience of A in last ten years (completed before the date of Busines Transfer) to bid for a work or contract with a company, say, a PSU?</p>

<p>Typically, the correct thing to do would be to describe in detail the expertise that the the young firm has available to it and the means by which is has gained access to it so as not to be misleading.</p>
<p>Otherwise, a claim of tens years experience from a two year old firm would seem absurd and could cause the contract proposal to be dismissed out of hand.</p>

contract-law business government-contracts