The following Corporate precedent provides comprehensive and up to date legal information covering:
This Agreement is made [insert day and month] 20[insert year]
[insert name of selling corporate entity] a company incorporated in [England and Wales OR [insert country of incorporation]] under number [insert registered number] whose registered office is at [insert address] (Seller); and
[insert name of purchasing corporate entity] a company incorporated in [England and Wales OR [insert country of incorporation]] under number [insert registered number] whose registered office is at [insert address] (Buyer)
[(each of the Seller and the Buyer being a Party and together the Seller and the Buyer are the Parties).]
The Seller currently carries on the Business[ under the Business Name].
The Seller has agreed to sell the Business (including the Assets) as a going concern to the Buyer subject to the terms and conditions in this Agreement.
[[insert further recitals if required]]
The parties agree:
Definitions and interpretation
In this Agreement[ unless the context otherwise requires]:
means the[ audited] accounts of the Seller [for the accounting reference period that ended on the Accounts Date OR for each of the last [insert number] consecutive accounting reference periods, the last of which ended on the Accounts Date], comprising a balance sheet, a profit and loss account, notes and auditors’ and directors’ reports[ and a cash flow statement];
means [insert day and month] 20[insert year];
Actual Net Asset Value
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