Add Comment Question: Hi There is talk about our company being purchase in the near future, what are our legal rights when it comes to years of employment already served. I have been with the company for 20 years , we were purchased by another company about 4 years ago however they honoured our years of service. We look forward to your responce Answer: Years of service can be carried over during the sale of a Company and recognized by the new employer for purposes of termination entitlements. It can however depend on the specifics of any agreement you may have signed during the purchase. The nature of the upcoming potential purchase and how the employees are dealt with can impact your rights. For example, if the purchasing Company refuses to maintain your employment, then you will be entitled to termination pay from the employer selling the Company. Each situation depends on its own unique facts. We would need more information before advising you on the exact extent of your entitlements. If the purchase does occur and you would like to schedule a consultation, you can contact us at the number below. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.