Common use of Change in IPC’s Business Clause in Contracts

Change in IPC’s Business. If IPC is a business organization, IPC shall promptly notify Forte in writing upon any change in the management or control of IPC or upon any transfer of more than 25% of the ownership of IPC’s business. If, during the term of this Agreement, IPC retires from professional practice, allows IPC’s license to expire, or has had such license suspended or terminated, IPC shall immediately notify Forte in writing of such change in its professional status and provide an explanation of the circumstances and nature of the same in sufficient detail for Forte to understand such event and surrounding circumstances and consider the implications of the same upon the standing of IPC under this Agreement.

Change in IPC’s Business. If IPC is a business organization, IPC shall promptly notify Forte in writing upon any change in the management or control of IPC or upon any transfer of more than 25% of the ownership of IPC’s business. If, during the term of this Agreement, IPC retires from professional practice, allows IPC’s license to expire, or has had such license suspended or terminated, IPC shall immediately notify Forte in writing of such change in its professional status and provide an explanation of the circumstances and nature of the same in sufficient detail for Forte Xxxxx to understand such event and surrounding circumstances and consider the implications of the same upon the standing of IPC under this Agreement.