Common use of Business Continuation Clause in Contracts

Business Continuation. The current businesses operated by the parties will continue operating in the current fashion until the businesses are acquired and transferred to the SPV. Both parties must approve the engagement of any marketing group, outside agents or other activity that could incur costs or impact positively or negatively the image of the SPV or of the parties. Any existing entity owned by the parties will be considered first before outsourcing to any non-owned enterprise. The parties will be considered and given the opportunity to provide such services at rates equal to or less than the market prices for such services.