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GLOSSARY
If a resale of the target company/target business is to follow the initial transaction, the two transactions can be seen as ‘back to back’. ‘Back to back’ warranty provisions act to protect the buyer’s position in the two transactions. This may be an arm’s length sale to a third party, but is often a transfer of ownership within the buyer’s group. If warranties are given on a ‘back to back’ basis, this first of all means that the warranties in the resale transaction are identical to those in the initial transaction. Second, because the two transactions are contemplated by the original parties as being ‘back to back’, the buyer must be able to still have full recourse against the seller and also be able to effectively pass on liability for any warranty claim from the resale buyer to the seller.
PRECEDENTS
Insert the following clauses as new clauses 11.13 and 11.14 of Precedent: Asset purchase agreement—pro-buyer—corporate seller—conditional—long form: 11 Warranties 11.13 The Seller acknowledges that: 11.13.1 following Completion, the Buyer intends to transfer [all OR some of] the Assets (the Resale Transaction) to either a member of the Buyer’s Group or a third party (the Resale Buyer); 11.13.2
PRECEDENTS
Insert the following clauses as new clauses 8.14 and 8.15 in Precedent: Share purchase agreement—pro-buyer—corporate seller—conditional—long form: 8 Warranties 8.14 The Seller acknowledges that: 8.14.1 following Completion, the Buyer intends to transfer [all OR some of] the Sale Shares (the Resale Transaction) to either a member of the Buyer’s Group or a third party (the Resale Buyer); 8.14.2
GLOSSARY
Tapes which contain saved data. They are called 'back-up' because the information is copied onto the tapes and is available as a 'back-up'.
GLOSSARY
Material used to fill sections of a GDF once waste has been emplaced.
PRECEDENTS
BACKGROUND: (A) The parties entered into a construction contract dated [insert date] for the [insert description of works/project, eg ‘design and construction of a property known as Bloggs House’] (the ‘Contract’). (B) [The parties are engaged in
GLOSSARY
The pre-existing IP rights belonging to each party in a collaboration, including rights which they license or co-own with persons or entities that are not a party to the agreement.
GLOSSARY
Documents relating to reports subject to public inspection under Part VA of the Local Government Act 1972 which in the opinion of the proper officer disclose facts or matters on which the report or an important part of it is based and which have been relied on to a material extent in the preparation of the report (see section 100D(5) of the 1972 Act).
GLOSSARY
This is radiation which comes from cosmic and geological sources and from nuclear weapons testing and to which we are all exposed. Typical examples include naturally-occurring radioactive materials (e.g. radon which is associated with the decay of uranium and/or as an induced fission product of thorium both of which naturally exist in small quantities in granite) and global fallout which exists in our environment as a result of nuclear weapon testing. Radiation which comes from sources, byproduct, or special nuclear materials subject to regulation by the ONR would not come under this definition. The typically quoted average individual exposure from background radiation is 360 millirems per year / 3,600 micros.
GLOSSARY
Used in relation to outsourcing or collaboration agreements, where the parties are working together on a project but want to keep ownership and control over their own intellectual property, which is known as background technology.
PRACTICE NOTES
Scope of this Practice Note This Practice Note covers the specified regulated activity of ‘providing targeted support’ under amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, SI 2001/544 (RAO) and the Financial Conduct Authority’s (FCA) Handbook rules contained primarily in chapter Chapter 9B of the Conduct of Business Sourcebook (COBS 9B), which came into effect on 6 April 2026 and were introduced in policy statement PS25/22: Supporting consumers’ pensions and investment decisions: rules for targeted support. It also looks at the background leading to the creation of the regulation, in particular the FCA’s Advice Guidance Boundary Review (AGBR). Background: the FCA’s AGBR and HMT publications Background to the AGBR In its Consumer Investments Strategy, published in September 2021, the FCA set out its ambition to see a consumer investment market in which consumers could invest with confidence, understanding the risks they are taking, and the regulatory protections provided. In support of this ambition, in November 2022, the FCA published consultation paper CP22/24: Broadening access to financial advice for mainstream
GLOSSARY
The intermediate link between the core or backbone network and the access network, ie the connection between typically distributed aggregation or access points and more centralised points of presence (PoP)—eg connecting wireless base stations to the corresponding base station controllers, connecting DSLAMs to the nearest ATM or Ethernet aggregation node or connecting a submarine communications cable system landing point with the main terrestrial electronic communications network. Backhaul technologies include: microwave transmission and access technologies (eg WiMAX), dark fibre, xDSL, SDH or Ethernet.