Employment (TUPE) indemnities—asset purchase agreement
Published by a LexisNexis Employment expert
PrecedentsEmployment (TUPE) indemnities—asset purchase agreement
Published by a LexisNexis Employment expert
Precedents1
Definitions and interpretation
1.1
[Insert the following additional definitions into the definitions clause of the Asset purchase agreement]
Business
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the business of [insert description of the business being sold] operated by the Seller and all other activities including those ancillary or incidental to or in connection with such business as carried on by the Seller;
Buyer
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[enter details];
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completion of the sale and purchase of the Business by the Performance by the Parties of their respective obligations in accordance with clause [insert number];
Completion Date
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[the day on which Completion takes place OR the date no later than the [third OR [insert number]] Business Day after the date on which the last of the Conditions is satisfied or waived or the date to which Completion is deferred] in accordance with clause [insert number];
[Consequential Loss
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any consequential, special, indirect, incidental or punitive damages or loss, or any loss of profits or other form of economic loss however arising;]
Employees
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the persons employed by the Seller [[and any relevant employing entity in the Seller’s Group OR and [name of relevant
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