Take Over Agreement Document
4. The draft memorandum and statute of the company mentioned has been prepared and approved by the parties. The main objective of this company will be to take over the aforementioned activity of the seller as a continuation company with the assets appearing on the second and third lists which are written in writing, but subject to the mortgage in question for the benefit of the said bank. and to require trade in the manufacture of the products mentioned. The secondary and other objectives of this company are defined as set out in the above-mentioned draft Association Protocol. If conditions are included in the agreement, these conditions must also be met in order for the transaction to take place. If this is not the case, either party (or, in some cases, both parties) may have the right to withdraw from the agreement. In this document, the form filler can enter the relevant identification details, for example. B if the parties are individuals or companies, as well as their respective addresses and contact details. The form filler also gives the main features of the agreement between the parties, including dispute resolution and current legislation, and, of course, all relevant details regarding the transfer of the business. After the conclusion and signature by all parties, this business transfer agreement constitutes a binding agreement between the parties, which allows them to make arrangements for the handover of the transaction. 9.
All costs and ancillary costs of such transmission documents, including stamp duty and registration fees, shall be borne by that company. 15. The seller agrees and undertakes, as long as he is a shareholder and director of the company, not to create a similar activity, alone or in collaboration with another person, nor to make available to another person the know-how and technical expertise. Other names of the document: acquisition of a business contract, contract of sale, contract of sale, contract of transfer of business, seller contract of sale This document is adapted to the concept of buying a company created under the Companies Act, 2013, by transfer of shares; It`s not for a merger or a merger….