In the absence of a written contract, the terms of sale and ownership would not be governed by a legally binding agreement. This could put you at risk of shares in your company being bought out by outsiders. It can also open you up to litigation, as there is no defined resolution clause. “subsidiaries” or “subsidiaries” of a person: any capital company, company, joint venture or other legal entity whose persons, alone or alone or with another subsidiary, hold 50% or more of the share capital or other shares whose holders can generally vote in favour of the choice of the board of directors or another governing body of that company or other legal entity; 4.15. Contracts. With the exception of contracts that can be fixed at [NUMBER] days or less days without penalty, Schedule 4 defines all the following contracts in which the entity is involved or to which one of its assets is bound (together the “material contracts”): (a) the debt or debt contracts; b) Guaranties constitution contracts; (c) individual capital expenditure contracts that are greater than “O”; (d) contracts to purchase or sell real estate, a transaction or industry, or a merger or consolidation; (e) joint venture, limited liability company or company contracts; (f) the leasing of materials; (g) employment contracts that are not terminated after a period of [NUMBER] without further severance pay and with an annual allowance greater than 100% higher than this one; and (h) other contracts that, after the date of payment or receipt of more than 12 months, individually require, after their respective date, payment or receipt of more than 12 months or the aggregate of “. The company has fulfilled, on all essential points, all the conditions of the equipment contracts in which it is involved and has not done or carried out any act that could physically deny or interfere with its rights under a material contract. To the company`s knowledge, there are no allegations or claims that the company violated, violated or delayed the material of a material contract. Authentic, correct and complete copies of all hardware contracts were delivered to the buyer. 8.14. Benefits. Notification, neither express nor tacit, must be entrusted to a person other than the parties and their respective successors and cede all rights, remedies, obligations or commitments arising from or under this Agreement.
a) list of plans. The seller provided the buyer with correct and complete copies of (i) plan documents and summary plan descriptions for each personnel performance plan, (ii) of the latest notice letter received from the IRS for each personnel performance plan, which must be considered in accordance with Section 401 (a) of the code; (iii) the most recent Form 5500 and (iv) all associated loyalty contracts. , insurance contracts and other financing agreements that implement any business performance plan established, maintained or provided by the company in previous years. If there are multiple sellers, a lawyer can add language to describe how the purchase price is distributed among the sellers. [“Buyer Renified Costs” refers to (a) all representation fees compensated by the purchaser; (b) all debts compensated by the buyer (c) all tax costs paid by the buyer, (d) all damages, losses, receivables, receivables, rights, expenses, shares, penalties, costs and expenses (including legal costs and reasonable legal fees and fees incurred in the investigation and preparation of litigation or proceedings), of one of the parties compensated by the purchaser and resulting from a breach of other agreements or agreements of the seller or other transaction document. , which is executed in connection with it, and (e) [INSERT ADDITIONAL CUSTOMIZED COSTS]] A company`s shares are often sold to raise money or other agreed compensation.