marketable, and indefeasible title to such Transferor Partnership Interests shall be vested in the BRI Partnership free and clear of any lien, claim, charge, pledge, encumbrance, limitation, agreement or instrument whatsoever. The provisions of this Section 5.34 shall survive the Closing indefinitely...
LLP Agreement. The Seller and Xxxxxx X. Xxxx shall have executed and delivered the limited liability partnership agreement of Holdings in the form attached hereto as Exhibit 7.1(k) (the “LLP Agreement...
If the GbR has no memorandum of association or any corresponding clause on the distribution of profits, the statutory provisions apply and the annual profits are automatically shared equally between the partners. The individual partner's share of the profit is not necessarily the same as the ...
Article 25 Each partner shall enjoy equal right in the operation of a partnership business. A partnership business may be operated jointly by all partners but the operation might also be entrusted to one or several partners according to the provisions of the partnership agreement or the decision ...
The distribution can be specified in a partnership agreement. This is recommended as a way of finding a balance agreed by all parties when the partners' contributions are of different proportions. For example, it might be distributed based on a partner's share of the total turnover. It is ...
4.2 In the case of agreements in a commercial context, the courts will generally presume that the parties intended to be legally bound. However, the presumption can be displaced where the parties expressly declare the contrary intention. This is often done through the use of honour clauses, let...
选择法律:Agreement of parties/Statutory choice-of-law provision/Most significant relationship Vested rights doctrine:Doctrine that courts should apply the law of the state where the rights of the parties legally become effective. Choice-of-law clause:A provision in a contract designating the state wh...
选择法律:Agreement of parties/Statutory choice-of-law provision/Most significant relationship Vested rights doctrine:Doctrine that courts should apply the law of the state where the rights of the parties legally become effective. Choice-of-law clause:A provision in a contract designating the state wh...
FORMALITIESOFTHECONTRACT6.Contractofsale,howmade.SubjecttotheprovisionsofthisActandofanyStatuteinthatbehalf,acontractofsalemaybemadeinwriting(eitherwithorwithoutseal),orbywordofmouth,orpartlyinwritingandpartlybywordofmouth,ormaybeimpliedfromtheconductoftheparties:Thissectiondoesnotaffectthelawrelatingto...
PPP agreements above a threshold monetary value must be approved by the Cabinet. The Uganda PPP Law also sets out what a PPP agreement must cover. This comprises a list of clauses and risk allocations that an investor or lender would expect to see in any PPP agreement to ensure “bankabilit...