AH. ok. looks better then. price sounds well. would be wroth a couple hundred to have a lawyer write up a contract then. he will think of things we wont neccessaraly know. but as mentioned before. using the company name so customers wont know the change. and no compete. he may find his new venture isnt making money and he wants to get back into it before he goes broke. if you do want to change the name i would do it over 4 years. keep the same name the first year. combine the name for a couple years, then just the new one.