Common use of REBUTTAL OF RELATEDNESS Clause in Contracts

REBUTTAL OF RELATEDNESS. ✓ Answer the questions below for each related producer listed in section 1.2. 1. ✓ If you responded “no” to any of the questions below, you have not rebutted the presumption of relatedness with the producer in question. ✓ If you responded “yes” to all the statements below, you have established that you deal at arm’s length with the producer(s) in question, and the Administrator may request the appropriate documentation to support your responses, such as articles of incorporation, financial statements, leases, receipts, etc. ✓ Attach a separate sheet if required. 1. Name of the related individual producer that received an advance: a. You and the related producer file separate tax returns and/or produce separate financial statements. YES NO b. You and the related producer are not employees or do not act as agents of the other. YES NO c. You and the related producer conduct all business transactions (e.g. sharing of equipment and/or land) at fair market value and such transactions are documented. YES NO 2. Name of the related individual producer that received an advance: a. You and the related producer file separate tax returns and/or produce separate financial statements. YES NO b. You and the related producer are not employees or do not act as agents of the other. YES NO c. You and the related producer conduct all business transactions (e.g. sharing of equipment and/or land) at fair market value and such transactions are documented. YES NO