Business Takeover Agreement Sample India

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. 8. By registering the business, the seller transfers the transaction in question at the same time as the assets described in the second and third lists which, together with the entire storage business, taking into account the aforementioned sum of Rs. to pay the seller, partly in cash and in part, by allocation of shares as indicated above, and it will execute all transmission documents necessary for the legal opinion of the lawyers to be appointed by the organizers. Capital gains tax, if it is payable on the transfer of such assets, is paid by the seller and the seller will exempt the organizers and the company in question from such liability and keep them unharmed. 1. The seller carries out his operations as the sole owner of the manufacture of certain products appearing on the first list, hereinafter referred to as “the products mentioned”. 2. The name of the company will be. the name under which the seller carries on its business in question, subject to the authorization of the Registrar of Companies at the following address: If this name is not approved, the company will be given a different name, which is acceptable to the seller and which is approved by the Registrar of Companies. (c) no proceedings, judgments or instructions are currently pending or threatened against him or the company. 13. Applicable Law and Taxes: This Agreement is governed by the law of the State ______ When intellectual property is transferred to the company, elements of the intellectual property right may apply, such as the Trademark Act 1999 or the Copyright Act 1957.

The seller may carry on a similar activity within a period of _____ years from the date of conclusion or as long as the buyer or his successor does not carry out any similar transaction, either directly or indirectly, whichever happens first. For the purposes of this Agreement, “the transactions are similar to those of this transaction”, ______ The Seller is handicapped by a lack of means, and it is in this knowledge that the Organizers have requested the Seller to create and register a Private Company Limited by Shares in accordance with the Companies Act 1956, and the company will resume the above-mentioned activity of the Seller, and all related assets, under the following conditions: which the seller has accepted. This commercial sales contract is intended to be used when the owner of a business sells the business to a new owner. The agreement deals with a large number of issues that may be relevant to the sale of a business, including: 6. Closing date. Closing will take place in the office of the seller`s lawyer at ______ Such transfer securities effectively transfer to the buyer full ownership of the transaction and ownership free of all pledge rights and charges. If you buy assets in a company, you are not buying the company yourself, but only one aspect of it…