Is doing business definition
Is doing business and "has done business" means:
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.
Examples of Is doing business in a sentence
Is doing business, having obtained all necessary filings, governmental licenses and approvals for each province in which A-G CANADA LTD is doing business.
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.