THE BUSINESS ACQUISITION Clause Samples
THE BUSINESS ACQUISITION. 1.1 The intention of the Business Acquisition is that Party A agree to acquire and Party B agrees to assist Party A or its designated affiliated company to acquire the current relevant business operated by Party B’s affiliated companies and Unicom in Wenzhou, and other businesses established by Party B through its affiliated company and Unicom for the term of fifteen (15) years after the Agreement is executed (hereinafter referred to collectively as the “Main Business”).
1.2 Party B hereby agrees to assist Party A or any affiliated company designated by Party A to transfer the current business operated by Party B and its affiliated companies and Unicom in Wenzhou to the affiliated companies designated by Party A, and agrees that such business transfer shall not include any debt, obligation and responsibility of Party B’s affiliated companies.
1.3 Party B undertakes and guarantees that its affiliated companies agrees to transfer the business operated by it and Unicom within the term of fifteen (15) years after the Agreement is executed to Party A or any affiliated company designated by Party A; and agrees that such business transfer shall not include any debt, obligation and responsibility of Party B’s affiliated companies.
THE BUSINESS ACQUISITION. 1.1 The intention of the Business Acquisition is that Party A agree to acquire and Party B agrees to assist Party A or its designated affiliated company to acquire the current relevant business operated by Party B’s affiliated companies and Unicom in Shanghai, and other businesses established by Party B through its affiliated company and Unicom for the term of fifteen (15) years after the Agreement is executed (hereinafter referred to collectively as the “Main Business”).
1.2 Party B hereby agrees to assist Party A or any affiliated company designated by Party A to transfer the current business operated by Party B and its affiliated companies and Unicom in Shanghai to the affiliated companies designated by Party A, and agrees that such business transfer shall not include any debt, obligation and responsibility of Party B’s affiliated companies, unless both Parties agree that Party A takes over Party B’s affiliated companies through share acquisition.
1.3 Party B undertakes and guarantees that its affiliated companies agrees to transfer the business operated by it and Unicom within the term of fifteen (15) years after the Agreement is executed to Party A or any affiliated company designated by Party A; and agrees that such business transfer shall not include any debt, obligation and responsibility of Party B’s affiliated companies, unless both Parties agree that Party A takes over Party B’s affiliated companies through share acquisition.
THE BUSINESS ACQUISITION. 1.1 The intention of the business acquisition is that Party B agree to assist Party A or its designated affiliated company to acquire the business with China Unicom in three provinces of Dongbei region.
1.2 Party B agrees to establish cooperation with China Unicom within 6 months after execution of this Agreement in three provinces of Dongbei region.
1.3 Party B shall assist Party A or its designated affiliated company to establish and keep the other business relationship with China Unicom within 15 years.
1.4 Party B agrees to enter business framework agreement after it establishes the cooperation relationship with China Unicom, which shall be similar to the one entered by both Parties before.