Purpose of Business Clause Samples
The "Purpose of Business" clause defines the specific activities or objectives for which a company is established and operates. It typically outlines the main business areas, services, or products the company intends to provide, and may set boundaries on what the company is authorized to do. For example, it might state that the company is formed to engage in software development, consulting, or retail sales. This clause ensures clarity for stakeholders and regulatory bodies about the company's intended operations, helping to prevent unauthorized activities and providing a clear framework for business decisions.
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Purpose of Business. The purpose for which the Partnership has been formed and the powers that it may exercise under the Act are as follows:
b) doing any and all things and carrying on any and all other activities necessary, convenient, or incidental to accomplish any of the preceding purposes and powers or to protect and benefit the Partnership.
Purpose of Business. True Source is specifically organized for the purpose of becoming a recognized and credible certifier of honey products entering the U.S. food chain for the benefit of customers and consumers, who have the right to expect that every container of product that they purchase or bite of food they eat is, truthfully labeled, and ethically sourced. True Source is generally organized to call attention to the problem of illegally-sourced honey; to encourage action to protect consumers and customers from these practices; and to highlight and support legal, transparent and ethical sourcing. True Source seeks to help maintain the reputation of honey as a high quality, highly valued food and further sustain the U.S. honey sector by:
a) improving the business conditions of honey producers, packers, dealers and importers;
b) representing the members’ interests, as designated by the Board of Directors, principally in legislative, regulatory and technical matters pertaining to honey;
c) providing opportunities for dialogue and education which may affect the honey industry through a web site, meetings, seminars, communications, publications and other programs and activities;
d) engaging in such other activities as may ordinarily be considered incident to a non-profit organization. True Source may exercise any power suitable, convenient or proper to accomplish any of the purposes set forth in this Agreement or Articles of Organization, as may exist now or as may be amended from time to time, or incidental to those purposes, or which at any time may appear conducive to or expedient to accomplish any such purposes; and to have and exercise any and all powers and privileges now or hereafter conferred by the District of Columbia Limited Liability Company Act, D.C. Code §§ 29-1001 et seq. (2001), as amended (the “Act”), the general laws of the District of Columbia, and the provisions of Section 501(c)(6) of the Internal Revenue Code.
Purpose of Business. The primary purpose of Distribution Partner and the Company is to sell high quality Products to retail customers. As part of this process the Distribution Partner may introduce other Distribution Partner in the Distribution Business to build sales organization. However, introduction of other Distribution Partner is not Distribution Partner’s primary focus, but rather an integral part of Distribution Partner’s fundamental obligation to sell Products and increase the sales of Products to Customers.
Purpose of Business. The purpose of the Company’s business operation is to strengthen economic cooperation and technical exchange and adopt advanced and appropriate scientific management approach with a view of promoting China’s economic development and generating satisfactory return for each investor to the Company.
Purpose of Business. The purpose of the Company shall be (a) to own the membership interests in NUR (NUR’s activities being limited to those necessary or appropriate for the Project) and (b) to construct, own and operate the Project, and related activities ancillary to such purpose (which include, among other things, the transactions contemplated by the Credit Facilities).
Purpose of Business. The purpose of the Partnership shall be to do any and all things reasonably incident thereto or in connection therewith.
Purpose of Business. The purposes of the Company are to design, manufacture, market, import and export, and sell world-class copper-tube, copper fittings and related products in the PRC, to enhance the economic cooperation among the Parties, and to realize satisfactory financial and social returns for the Parties.
Purpose of Business. The purpose of the creation and continued existence of the Company shall be to engage in and carry on any lawful business or activity, without reservation or restriction except as may be imposed by law. Specifically, it is the present intention of the Members that the Company shall be concerned with establishment of an Internet web site (the "Site") for consumers to view information pertaining to real estate properties and provide the consumer an opportunity to prequalify for, apply for, and close residential home loans. The Site may be a platform for multiple products and services related to real estate sales, advertising, etc., and as may be mutually agreed upon by the Members.
Purpose of Business