Common use of Business Transfers Clause in Contracts

Business Transfers. Ambassador or Influencers in good standing who wish to sell or transfer their business must receive Xxxxx Xxxxx’x prior written approval before the business may be transferred. A business that is on disciplinary probation, suspension, or under disciplinary investigation is not in good standing and may not be transferred unless and until the disciplinary matter is resolved. Requests to transfer a business must be submitted in writing to Xxxxx Xxxxx at xxxxxxx@xxxxxxxxxxxxxxxx.xxx. The request to transfer will be denied if the business is not in good standing or if there is another reasonable reason for denying the request. Prior to transferring a business to a third party, the Ambassador or Influencers must offer the Company the right of first refusal to purchase the business on the same terms as negotiated with a third party. The Company shall have ten days to exercise its right of first refusal.