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Sale of Business Agreement HR legal documents This Section 45 Directors Resolution

SKU 638133582
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Description

This Section 45 Directors Resolution template is for use and must be passed by the directors of a company before a company can provide financial assistance to a related or inter-related party (which will be a special resolution)

vacant land

the company also provides the raw materials

It is important to note that trade credit or incidental credit does not fall under the definition of a credit agreement under the National Credit Act and is therefore not regulated by the National Credit Act of South Africa

Sale of Business Agreement HR legal documents This Section 45 Directors ResolutionThis Sale of Business Agreement template is entered into where one party (the seller) wants to sell its business to another party (the buyer) as a going concern, in other words, as is. The purchaser acquires the assets and will assume the liabilities of the company on an agreed date. Normally the employees of the business will also be taken over by the purchaser as the new employee.

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