Common use of Dissolution of a Business Entity Clause in Contracts

Dissolution of a Business Entity. Xxxx is not able to divide commissions among multiple parties, nor is it able to divide a downline organization. Consequently, if a business entity that operates an Oola busi- ness dissolves, the owners of the business entity must instruct the Company on the identity of the proper party who is to receive the business. The Oola business must be awarded to a single individual or entity that was previously recognized by the Company as an owner of the business entity; the Com- pany cannot divide the business among mul- tiple parties or issue separate commission payments. If the business entity wishes to sell or transfer its Oola business, it must do so pursuant to policy 40. In addition, the recipient of the Oola business must also ex- ecute and submit an Oola Ambassador Agreement to the Company within 30 days from the date of the dissolution of the busi- ness entity or the Oola business will be can- celled.

Dissolution of a Business Entity. Xxxx Oola is not able to divide commissions among multiple parties, nor is it able to divide a downline organization. Consequently, if a business entity that operates an Oola busi- ness dissolves, the owners of the business entity must instruct the Company on the identity of the proper party who is to receive the business. The Oola business must be awarded to a single individual or entity that was previously recognized by the Company as an owner of the business entity; the Com- pany cannot divide the business among mul- tiple parties or issue separate commission payments. If the business entity wishes to sell or transfer its Oola business, it must do so pursuant to policy 40. In addition, the recipient of the Oola business must also ex- ecute and submit an Oola Ambassador Agreement to the Company within 30 days from the date of the dissolution of the busi- ness entity or the Oola business will be can- celled.