Common use of Sale, Lease, Transfer or Other Disposal of Business Operations Clause in Contracts

Sale, Lease, Transfer or Other Disposal of Business Operations. The Employer agrees that upon the sale, lease, transfer or other disposal of its business or operation, or any part of its business or operation, to any other person or company, the Employer shall inform the other person or company of any existing Collective Agreement or Manitoba Labour board certification affecting or relating to the business or operation, or part thereof, and the Employer further agrees that it shall be an express term of any contract of sale, lease, transfer, request to bid, or other disposition, as referred to above, that the other person or company shall assume all responsibility and obligations accruing by virtue of the aforementioned Collective Agreement or Manitoba Labour Board certification. All employees shall be retained in their employment by the successor employer without any change in employment status.