Definitions and interpretation clause
Definitions and interpretation clause

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

  • Definitions and interpretation clause

  1. 1

    Definitions and interpretation

    1. 1.1

      In this Agreement:

    2. 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 in England;

      Confidential Information

      1. [has the meaning given to it in clause[s] [insert clause number(s) defining ‘Confidential Information’] OR means any information that a party has or acquires [after the date of this Agreement] that is confidential in nature concerning the other party including, without limitation, its business, affairs, customers, clients, suppliers, plans or strategy [or that of any member of the group of companies to which the other party belongs]];

      Control

      1. [has the meaning given to it in section 1124 of the Corporation Tax Act 2010 OR 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] and the expression change of control shall be construed accordingly;

      Day

      1. means

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