Even if a transferee does not continue to use the trade name of the transferor, if the transferee advertises that it will assume the obligations arising from the business of the transferor, the obligees of the transferor may demand that the transferee perform those obligations.
If the transferee is liable for performance of the transferor's obligations pursuant to the provisions of the preceding paragraph, the transferor's liability to an obligee that fails to demand performance of the obligations or give advance notice of its claim within the two years after the day that the transferor advertises as referred to in that paragraph is extinguished once those two years have passed.
transferor
「譲渡人」
A merchant who has transferred their business to another.
Short name set inArticle 16, paragraph (1)· applies only in this chapter
transferee
「譲受人」
A merchant who has taken over another merchant's business by transfer.
Short name set inArticle 17, paragraph (1)· applies only in this chapter