Business relationship definition

Business relationship means a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection based on: (A) a transaction that is subject to rate or fee regulation by a federal, state, or local governmental entity or an agency of a federal, state, or local governmental entity; (B) a transaction conducted at a price and subject to terms available to the public; or (C) a purchase or lease of goods or services from a person that is chartered by a state or federal agency and that is subject to regular examination by, and reporting to, that agency. Texas Local Government Code 176.001(3).
Business relationship means a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection based on:
Business relationship means a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection based on: (A) a transaction that is subject to rate or fee regulation by a federal, state, or local governmental entity or an agency of a federal, state, or local governmental entity; (B) a transaction conducted at a price and subject to terms available to the public; or

Examples of Business relationship in a sentence

  • Local Government Code § 176.001(1-a): "Business relationship" means a connection between two or more parties based on commercial activity of one of the parties.


More Definitions of Business relationship

Business relationship means service to the Company or its successor in the capacity of an employee, officer, director or consultant.
Business relationship means service to the Company or its successor in the capacity of an employee, officer, director, consultant or advisor.
Business relationship means an arrangement between a client and an accountable institution for the purpose of concluding transactions on a regular basis;
Business relationship means a business, professional or commercial relationship which is connected with the professional activities of the obliged entities and which is expected, at the time when the contact is established, to have an element of duration;
Business relationship means a relationship with any of the following:
Business relationship means a continuing arrangement between a company and one or more persons with whom the company engages in business, whether on a one-off, regular or habitual basis; and
Business relationship a connection between two or more parties based on commercial activity of one of the parties. The term does not include a connection base on: (A) a transaction that is subject to rate or fee regulation by a federal, state, or local governmental entity or an agency of a federal, state, or local governmental entity; (B) a transaction conducted at a price and subject to terms available to the public; or (C) a purchase or lease of goods or services from a person that is chartered by a state or federal agency and that is subject to regular examination by, and reporting to, that agency. Texas Local Government Code 176.001(3).