Salomon Clause Samples
The 'Salomon' clause refers to the legal principle established in the case of Salomon v. A. Salomon & Co. Ltd, which affirms the separate legal personality of a company from its shareholders. In practice, this means that the company is treated as its own legal entity, capable of owning property, incurring debts, and being sued independently of its owners or directors. This clause is often invoked to clarify that liabilities and obligations of the company do not automatically extend to its shareholders, thereby protecting personal assets and limiting risk exposure for individuals involved with the company.
Salomon. Smith Barney agrees to use its best efforts to solicit order▇ ▇▇▇ ▇▇▇ ▇▇▇e ▇▇ ▇▇ares and will undertake such advertising and promotion as it believes is reasonable in connection with such solicitation.
Salomon. Smith Barney agrees to use its best efforts to sol▇▇▇▇ ▇▇▇▇▇▇ ▇o▇ ▇▇▇ sale of Shares and will undertake such advertising and promotion as it believes is reasonable in connection with such solicitation.