Dealership Transfer definition
Dealership Transfer is defined as: o any proposed sale or other transfer of all or any part of the stock of the Dealership or any significant part of the assets of the Dealership o any change in Controlling Individual(s).
Examples of Dealership Transfer in a sentence
The Dealer shall provide the Company with at least 60 days' prior written notice before the effective date of a Dealership Transfer.
The Company shall have sole approval rights over any proposed Dealership Transfer.
Even when a proposed transferee meets the criteria to become a dealer for the Company, the Company shall have a right of first refusal for any bona fide Dealership Transfer offer (the "Offer").