Using sole proprietorship previous work orders, for getting new contact

Can a private limited company use previous work orders of a sole proprietorship entity after its acquisition for securing new tenders as it is a prerequisite for securing new tenders. Hence private limited company is thinking of acquiring sole proprietorship as it has previous work orders

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Quick Summary
A private limited company is looking to acquire a sole proprietorship to utilise its previous work orders for securing new tenders. The consensus is that this is permissible if mutually agreed upon, likely through a Memorandum of Understanding (MOU) or within the sale deed during the acquisition process. Acquisition is considered compulsory in this scenario to legally transfer and utilise the past work orders.

If mutually agreed then it's ok

Thankyou for the update!

Just one more question.

Mutually agreed in the sale deed at the time of sale?. Because previously there was no such agreement between them.

You have to draft MOU.
Mou is a part of mutual agreement

So acquisition is necessary in this case right?

Yes it's compulsory

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