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Do existing contracts need to be amended to reflect the new name? Am I going to have problems if I still use PRS or PRS is on a contract or a bill instead of FPS?

contract contracts existing going problems PRS reflect
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Do existing contracts need to be amended to reflect the new name? Am I going to have problems if I still use PRS or PRS is on a contract or a bill instead of FPS?

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Existing contracts continue to be legally binding on both parties although they reflect the prior name. The name should be changed only as contracts are renewed or as new contracts are entered into.

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