226 The Business Clause Examples for Any Agreement
The 'The Business' clause defines the specific activities, operations, or scope of work that the agreement covers. It typically outlines what the business does, the services or products it provides, and any relevant limitations or exclusions. For example, it may specify that the business involves software development, consulting, or retail sales. This clause ensures that all parties have a clear understanding of the business context and boundaries, helping to prevent misunderstandings or disputes about what is included under the agreement.
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The Business.ÌýThe parties acknowledge that the Company is engaged in the development, marketing and sale of certain proprietary technologies, processes and related products in the areas of chemical detection, technical processes, and technical/business services, and that the Company may also from time to time become or may intend to become engaged in other business endeavors (individually and collectively, the "BUSINESS"). The Company shall be deemed to intend to become engaged in a business endeavor if it has devoted or expended any significant resources, either financial or human resources, towards the proposed endeavor, either in planning or implementing the undertaking of such planned endeavor.
The Business.ÌýExecutive acknowledges that the Company and its Affiliates are engaged in the business of (i) manufacturing, marketing and distributing long-handled tools, wheelbarrows, hose reels, striking tools, pruning implements, pots and planters, snow tools, lawn carts, repair handles, garden hoses, and decorative accessories for the lawn and garden, and (ii) conducting such other activities as are undertaken (or are proposed or contemplated to be undertaken) from time to time by the Company and each of its Affiliates as a result of future acquisitions or otherwise (collectively, the "Business").
The Business.ÌýThe parties acknowledge that the Company is engaged in the development, marketing and sale of certain proprietary technologies, processes and related products in the areas of chemical detection, technical processes, and technical/business services, and that the Company may also from time to time become or may intend to become engaged in other business endeavors (individually and collectively, the "Business").
The Business.ÌýUpon transfer to OpCo of the Contributed Assets, the Purchased Assets and the Working Capital Assets, and consummation of the transactions contemplated by the other Transactional Documents, (i) OpCo will have or, through the Franchise Agreement, will have access to all tangible and intangible assets and all personnel reasonably necessary to conduct a business that is substantially the same as and that operates in accordance with the same standards of operation as the business of the Hospitals prior to the Closing, and (ii) OpCo will have the means to provide the services specified in Section 7.9.
The Business.ÌýBoth parties agree to further develop and expand the current core business through corporate restructure and acquisition.
The Business.Ìý1.1 The parties hereby agree that the core business of QXM (the "QXM BUSINESS")is the design, manufacture and sale of all types of mobile handsets and related accessories, including but not limited to GSM, CDMA and 3G mobile handsets, as well as handsets that may contain commercial, entertainment, computing or other consumer electronics functions, or other distinctive functions such as medical, security, or other functions utilizing portable electronic devices, as determined from time to time by the board of directors of QXM.
The Business.Ìý6.1 As far as the Company is aware, no event has occurred or is subsisting or is about to occur which constitutes or would, with the giving of notice and/or lapse of time, constitute a default or result in the acceleration by way of default, of any obligation under any agreement or arrangement to which any member of the Group is a party which is material to the business of any member of the Group.
6.2 As far as the Company is aware, there is no agreement, arrangement or transaction material to the business and/or financial position and/or prospects of the Group as a whole which is invalid or which may be rescinded, avoided or repudiated, and no member of the Group has received notice of any intention to terminate, repudiate or disclaim any such agreement, arrangement or transaction.
6.3 Other than the Articles, the terms of this Agreement, the service contracts or engagement terms between the Company and the Directors, no contract or arrangement exists between the Company and, so far as the Company is aware, (in his capacity as such) any person who owns or, has any interest in or rights in relation to any Ordinary Shares or securities (or any person who is connected with such a person) with regard to:
6.3.1 the management of any business of any member of the Group; or
6.3.2 the appointment or removal of any of the directors of any member of the Group; or
6.3.3 any other matter concerning any member of the Group or its affairs.
The Business.ÌýThe Parties further agree to cooperate and use their respective commercially reasonable efforts to obtain the necessary consent from the landlord to effect the separation of such Commingled Lease, splitting the property with the Seller identity numbers B82 and RD1 into one lease and the property with the Seller identity number G38 into another lease, if practicable prior to Closing and on substantially the same terms as currently in effect with respect to each such property or other terms reasonably mutually agreeable to the Parties in accordance with the terms and subject to the conditions set forth in Sections 2.7(a) - (c) (inclusive), mutatis mutandis. If such split is effected prior to Closing, the lease of the real property with the Seller identity number G38 shall not constitute part of the Purchased Assets. If such split is not effected prior to Closing, the lease of the real property with the Seller identity number G38 shall constitute part of the Purchased Assets and sharing arrangements will be addressed pursuant to the Reverse Transition Services Agreement.
The Business.ÌýThe Business as a going concern;
The Business.ÌýThe Business being purchased by the Buyer and sold by the Seller is as follows: Entity Name: [ENTITY NAME] Entity Mailing Address: [ENTITY MAILING ADDRESS] State of Incorporation / Organization: [STATE] Entity Type: (check one) â˜� - Corporation â˜� - Limited Liability Company (LLC) â˜� - Partnership â˜� Other: [OTHER] Hereinafter known as the “Business.â€�