Business Transfer Agreement is an agreement between the assignor and the ceding company to make a break-in sale, in which each asset and liability of one or more units transfers, sells, sells, leases or sells to another for a lump sum consideration. It is a kind of agreement to acquire ownership of other companies. The transfer of an „ongoing business“ can be simply called a transfer of a current business, which can be exercised by the buyer as an independent entity. The internationally recognized guidelines) published by His Majesty`s Revenue – Customs (HRMC) to treat transaction transfer as a common business are so inconclusive: the asset purchase agreement is an agreement between the seller and the asset purchaser. In an asset repurchase agreement, the individual value of the assets is transferred and the seller transfers the assets to the buyer. The Authority for Preliminary Decisions has analysed the provisions of the sales activity, i.e. the enterprise delegation agreement and the related provisions of the law. The referring authority found that the applicant carried out the construction and sale of residential and commercial complexes and that the applicant company was created, in particular, for the aforementioned project. In addition, the applicant sold the building as a whole with all the assets and entrusted the rights to the purchaser, including the approved card to the competent authority.
The buyer acquired the sub-company to operate the same type of activity as the buyer himself, which deals with the construction of residential/commercial complexes and the sale of residential/commercial complexes and the sale of the sale. As at the time, there was no series of instantaneous transfers from the aforementioned transaction. NOW, THEREFORE, given the premises and agreements and agreements that are outlined here in this agreement and alliances, and other good and valuable considerations whose receipt and sufficiency are recognized, each of the contracting parties agrees as follows: the best-written asset sale contract will be of no use if it is a contract with an incompetent and fraudulent person.