Business relationship definition

Business relationship means a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection based on: (A) a transaction that is subject to rate or fee regulation by a federal, state, or local governmental entity or an agency of a federal, state, or local governmental entity; (B) a transaction conducted at a price and subject to terms available to the public; or (C) a purchase or lease of goods or services from a person that is chartered by a state or federal agency and that is subject to regular examination by, and reporting to, that agency. Texas Local Government Code 176.001(3).

Business relationship means a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection based on:

Business relationship means service to the Company or its successor in the capacity of an employee, officer, director or consultant.

Examples of Business relationship in a sentence

• Local Government Code § 176.001(1-a): "Business relationship" means a connection between two or more parties based on commercial activity of one of the parties.

• Under no circumstance will father and his son(s) or other close relations who have Business relationship with one another (i.e when one or more partner(s)/director(s) are common) be allowed to tender for the same contract as separate competitors.

• Developed and maintained the Apple Business relationship with the information technology services division at Loffler.Systems Administrator and Technician Supervisor – TECHIESSt. Louis Park, MN • 2004 - 2009Administered the data center infrastructure for the internal systems and managed services for more than twelve hundred clients in the Midwest region.

• None of the Directors have pecuniary or Business relationship with the Company other than as mentioned in the elsewhere in the Annual Report.

• The term does not include a state officer.(d) "Business relationship" means dealings an agency has with a person seeking, obtaining, establishing, maintaining, or implementing:(1) a pecuniary interest in a contract or purchase with an agency; or(2) a license or permit requiring the exercise of judgment or discretion by the agency.

More Definitions of Business relationship

Business relationship means a business, professional or commercial relationship which is connected with the professional activities of the obliged entities and which is expected, at the time when the contact is established, to have an element of duration;

Business relationship means a business, professional or commercial relationship between a relevant person and a customer, which is expected by the relevant person, at the time when contact is established, to have an element of duration;

Business relationship means an arrangement between a client and an accountable institution for the purpose of concluding transactions on a regular basis;

Business relationship means service to the Company or any Subsidiary or other Affiliate, or a corporation or parent or subsidiary of such corporation assuming or substituting a new Award for this Award, in the capacity of an Employee, Director or Consultant, as applicable. Without limiting the scope of the preceding sentence, it is expressly provided that the Grantee’s Business Relationship shall be considered to have Terminated at the time of the termination of the “Subsidiary” or “Affiliate” status under the Plan of the entity or other organization that employs the Grantee or to which the Grantee provides services as a Consultant. Any question as to whether and when there has been a Termination of the Grantee’s Business Relationship, and the cause of such Termination, shall be determined by the Committee and its determination shall be final.

Business relationship means a relationship with any of the following:

Business relationship means an arrangement between a person and a financial institution where the purpose or effect of the arrangement is to facilitate the carrying out of transactions between the person and the financial institution on a frequent, habitual or regular basis.

Business relationship means a continuing arrangement between a company and one or more persons with whom the company engages in business, whether on a one-off, regular or habitual basis; and