Is doing business definition

Is doing business and "has done business" means:
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Is doing business and “has done business” mean: (a) Paying or receiving in any calendar year any money valuable thing which is worth more than $250 in the aggregate in exchange for personal services or for purchase of any property or property interest, either real or personal, either legal or equitable; or (b) Loaning or receiving a loan of money; or goods or otherwise creating or having in existence any legal obligation or debt with a value of more than $250 in the aggregate in a calendar year; But does not include: (c) Any retail transaction for goods or services sold to a Key Contracting Person at a posted, published, or marked price available to the general public; (d) Any financial services product sold to a Key Contracting Person for personal, family, or household purposes in accordance with pricing guidelines applicable to similarly situated individuals with similar risks as determined by Contractor in the ordinary course of its business; or (e) If Contractor is a national or multinational corporation, any transaction for financial service or insurance coverage made on behalf of Contractor by its agent, employee or other representative who does not know and is not in a position that he or she should have known about this Agreement.
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Examples of Is doing business in a sentence

  • Borrower is duly authorized to transact business in all other states in which Borrower Is doing business, having obtained all necessary filings, governmental licenses and approvals for each state in which Borrower is doing business.

  • The exception related to gifts for “major life events” does NOT apply to gifts from a person who 1) Is doing business with or seeking to do business with the department or agency in which the public official or state employee is employed; (2) is engaged in activities which are directly regulated by such department or agency.

  • An “improper” source is any person or party who:• Is doing business with a public agency• Is seeking to do business with a public agency• Is regulated by a public agency• Has a specific interests in matters before a public agency.

  • Is doing business, having obtained all necessary filings, governmental licenses and approvals for each province in which A-G CANADA LTD is doing business.

Related to Is doing business

  • Company Business means the business of the Company as presently conducted.

  • Competitive Business means any firm, partnership, joint venture, corporation and/or any other Person, and/or any licensee of such entity, that develops, manufactures, markets, distributes, provides, offers, or sells any services or products substantially similar to First Party’s services or products.

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.