Single Business Transaction Clause Samples
The Single Business Transaction clause defines the agreement or a specific set of dealings as a single, unified transaction rather than a series of separate contracts or obligations. In practice, this means that all related exchanges, deliveries, or services under the agreement are treated as parts of one overall transaction, regardless of how many individual actions or payments occur. This approach helps ensure that the rights and obligations of the parties are interpreted collectively, which can be important for issues like default, termination, or dispute resolution. Ultimately, the clause provides clarity and consistency by preventing parties from treating individual components as isolated or unrelated, thereby reducing the risk of fragmented enforcement or interpretation.
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Single Business Transaction. The Buyers and Sellers hereby acknowledge that they consider each Transaction hereunder and all other Transactions under this Agreement to constitute a single business and contractual relationship to have been made in consideration of each other. Therefore, the Sellers and Buyers each agree (i) to perform all of its obligations in respect of each Transaction hereunder and that a default in the performance of any such obligations shall constitute a default by it in respect of all Transactions hereunder, (ii) that each of them shall be entitled to set-off claims and apply property held by them in respect of any Transaction against obligations owing to them in respect of any other Transactions hereunder and (iii) that payments, deliveries and transfers made by any of them in respect of any Transaction shall be deemed to have been made in respect of any other Transaction hereunder and the obligations to make any such payments, deliveries and other transfers may be applied against each other and netted.