Normal Course of Business. The Successor shall have all the working rights to carry/run on the restaurant Business after the closing date. The Successor will be eligible to transfer all the Electricity, telephonic and related bills in their own name without any obstruction from predecessor to carry on the business in a smooth manner. Subject to the terms and conditions of this Agreement, title to and risk in the Business shall pass to the Successor company at the Closing. The successor company is running the business from the past …………. in the trial phase and has taken all steps to transfer and carry on the business smoothly.
Appears in 1 contract
Sources: Business Transfer Agreement
Normal Course of Business. The Successor shall have all the working rights to carry/run on the restaurant Business after the closing date. The Successor will be eligible to transfer all the Electricity, telephonic and related bills in their own name without any obstruction from predecessor to carry on the business in a smooth manner. Subject to the terms and conditions of this Agreement, title to and risk in the Business shall pass to the Successor company at the Closing. The successor company is running the business from the past …………. 2 years in the trial phase and has taken all steps to transfer and carry on the business smoothly.
Appears in 1 contract
Sources: Asset Purchase Agreement