Guarantees are factual statements made by a seller in the BSG regarding the status of the company sold. If a warranty is later found to be false and the value of the business is reduced, the buyer may be entitled to a breach of the warranty. Guarantees cover all sectors of the company, including assets, accounts, equipment contracts, litigation, employees, real estate, bankruptcies, intellectual property and debts. The purchase of commercial agreements should be used by anyone wishing to buy or sell a business. The agreement can help give details in the sale, including aspects of the transaction that are for sale (i.e. assets or shares). The seller is explained by the offer and exchange, and the buyer accepts the purchase of the business. If the parties are able to resolve the contentious issues under a negotiated written agreement, this must be considered final, binding and conclusive for the parties. If the parties fail to agree to resolve the issues through negotiations, they should be required to refer the dispute to an independent public audit firm for resolution. 15.1. [A] is entitled to transfer or renew all rights and obligations under this Agreement to any other member of the group after which all references contained in this Agreement to [-] are understood as references to the assignee.
The seller and the companies here matter agree that a separate agreement is not necessary for such a transfer to take effect, but if other measures, consents or documents are necessary to complete such a transfer, the seller and the companies undertake to do so or to provide it. A business purchase contract is like a sales invoice that documents the purchase of a business. It can be transferred either from a company`s assets or from stakes in the company. As a legally enforceable contract, this agreement ensures that both the seller and the buyer keep their promises and create the opportunity to confirm the terms and conditions. In the case of a share transaction, the business owner (the “owner”) is the seller. In the case of an asset transaction, the seller becomes the target, the proceeds of the sale being distributed from the destination to the owner. Mr. [citizen of Barcelona] of a legal age, married, residing with the passport [a] (seller); a limited liability company incorporated under the laws of Catalonia and having its main place of activity with [the guarantor`s tax identification number] and a limited liability company created in accordance with the laws of China and having its main place of activity with a tax identification number [-] (the purchaser); I remember the first sales contract I held in my hands.