Common use of Business Structure Clause in Contracts

Business Structure. State that proposer is authorized to do business in Texas. Identify the legal entity(ies) that would execute the Agreement. State whether each entity is a sole proprietorship, partnership, corporation, or joint venture. Describe in detail the relationship of the proposer to the entity that will execute the Agreement. If the proposer is a joint venture, describe where (if at all) the entities have collaborated before. State the number of years the entity(ies) have been organized and doing business under this legal structure. Proposal should include all the names of proposer’s (and executing entities’ if different than proposer’s) owners/stockholders with greater than a 10% holding and creditors owed a debt greater than 10% of the company's total assets. Identify other entities with common ownership and/or management.