Sale Of Company Agreement

Posted: October 5, 2021 in Uncategorized

The seller undertakes to release [•] and its assigns and beneficiaries of the transfer, the group companies and all other companies in the group [•] from and against taxes and similar obligations (including parafiscal tax obligations) which would have been paid, demanded or imposed by one of the companies of the group of any kind whatsoever, including interest, surcharges, penalties and customs duties, up to two (2) months after the expiry of the legal period; which allows a competent court or authority to assess group companies, their assigns or their transfers of taxation, including, but not limited to, similar taxes and obligations resulting from the transfer of immovable property. A business sale contract is like a sales contract that documents the purchase of a business. The assets of a company or the shares of the company can be transferred.

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