Boilerplate set—long form
Boilerplate set—long form

The following Commercial precedent provides comprehensive and up to date legal information covering:

  • Boilerplate set—long form

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Notes: Brexit—drafting boilerplate clauses and Brexit—drafting commercial clauses.

    1. 1

      Definitions and interpretation

      1. 1.1

        In this Agreement:

        Affiliate

        1. means any entity that directly or indirectly Controls, is Controlled by or is under common Control with, another entity;

        Business Day

        1. means a day other than a Saturday, Sunday or bank or public holiday in England;

        Control

        1. means [the beneficial ownership of more than 50% of the issued share capital of a company or the legal power to direct or cause the direction of the management of the company OR has the meaning given in the Corporation Tax Act 2010, s 1124] and Controls and Controlled shall be interpreted accordingly;

        Force Majeure

        1. has the meaning given in clause 6.1.

        [Insert definitions bespoke to Agreement]

      1. 1.2

        In this Agreement:

        1. 1.2.1

          a reference to this Agreement includes its schedules, appendices and annexes (if any);

        1. 1.2.2

          the table of contents, background section and any clause, schedule or other headings in this Agreement are included for convenience only and shall have no effect on the interpretation of this Agreement;

        1. 1.2.3

          a reference to a ‘party’ includes that party’s personal representatives, successors and permitted assigns;

        1. 1.2.4

          a reference to a ‘person’ includes a natural person, corporate or unincorporated body (in each case whether or not having separate legal personality) and

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