Common use of Entity Type Clause in Contracts

Entity Type. Section II requires that the Stock Entity is properly categorized as a means of fully identifying it in this agreement. A checklist presenting various types of Entities has been made available for this purpose. Properly classify the Stock Entity’s type by placing a mark in the appropriate checkbox. For instance, if the Stock Entity is a “Corporation” then select the first checkbox and do not mark any of the remaining checkbox definitions (“LLC,” “Partnership,” “General Partnership,” Limited Partnership,” and “Other.”) Bear in mind that if a Stock Entity does not fit into any of the first five categories, the “Other” checkbox should be selected and the type of Entity whose stock is being sold should be documented directly on the blank line in this option. III. Shares (8)

Entity Type. Section II requires that the Stock Entity is properly categorized as a means of fully identifying it in this agreement. A checklist presenting various types of Entities has been made available for this purpose. Properly classify the Stock Entity’s type by placing a mark in the appropriate checkbox. For instance, if the Stock Entity is a “Corporation” then select the first checkbox and do not mark any of the remaining checkbox definitions (“LLC,” “Partnership,” “General Partnership,” Limited Partnership,” and “Other.”) Bear in mind that if a Stock Entity does not fit into any of the first five categories, the “Other” checkbox should be selected and the type of Entity whose stock is being sold should be documented directly on the blank line in this option. III. Shares (8).