Common use of No Operations Clause in Contracts

No Operations. Buyer is a recently formed California corporation, with no operations to date, and has no liabilities or obligations, except as may arise under this Agreement and the Ancillary Agreements to which it is a party and obligations that may be imposed by applicable federal, state or local law.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (Us Legal Support Inc), Purchase and Sale Agreement (Us Legal Support Inc), Agreement of Purchase and Sale of Assets (Us Legal Support Inc)