Examples of Business Purchase Agreement in a sentence
A Business Purchase Agreement, also referred to as a Business Transfer Agreement or an Offer of Business Agreement, is an agreement entered into between a seller and purchaser for rights to the business.
The aggregate consideration for the spin off in accordance with the Business Purchase Agreement is ₹11,621.94 million.
Our Company entered into a Business Purchase Agreement with our Promoter pursuant to which the API business was spun off into our Company from our Promoter.
Thus, on February 1, 2012, the Company entered into a Community Pharmacy and Mail Business Purchase Agreement (the “Asset Purchase Agreement”) by and among Walgreen Co. and certain subsidiaries (collectively, the “Buyers”) and the Company and certain subsidiaries (collectively, the "Sellers") with respect to the sale of certain assets, rights and properties (the “Pharmacy Services Asset Sale”) relating to the Sellers' traditional and specialty pharmacy mail and community retail pharmacy store operations.
A Business Purchase Agreement is a contract used to transfer the ownership of a business from a seller to a buyer.
This Amendment shall terminate and be void upon the termination of the Merger Agreement or the termination of the Mortgage Business Purchase Agreement.
On 26 April 2019, Brewin Dolphin Limited, the Group’s principal operating subsidiary, signed a Business Purchase Agreement to acquire the assets and staff of Epoch Wealth Management LLP, an IFA firm based in Bath, for an initial payment of £10.0m and an estimated deferred consideration of £9.0m which is subject to performance conditions.
As a legally enforceable contract, a Business Purchase Agreement ensures that both the seller and purchaser will follow through with their promises and creates an opportunity to confirm the terms and conditions of the transaction.
Seller Parent agrees, upon the reasonable request of Purchaser, to use its commercially reasonable efforts to cause its Affiliates to enforce their rights for the benefit of Purchaser under the non-solicitation provisions of the Semiconductor Business Purchase Agreement; provided that all costs and expenses incurred in connection with the enforcement of such rights shall be borne exclusively by Seller Parent.
On April 20, 2018, the Company entered into Business Purchase Agreement with Solara Active Pharma Sciences Limited, India (Solara) to sell the assets (consisting of Plant & machinery, equipment, computer software and other related capital work in progress) and business conducted by the Company at Strides API Research Centre (SRC) along with the employees for a consideration of `357.28 Million and working capital subject to adjustment and finalisation for `8.26 Million.