Business Activities At The Business Premises

1346 Words6 Pages
A. Seller has conducted its business activities at the Business Premises under the name of the Business. To the best of Seller’s knowledge and information, no other person or entity has conducted the same or similar Business at the Business premises, and no other person or entity has any interest in or right to use any of the Assets not previously revealed to Purchaser. B. No person, other than third-party trade creditors, has provided Seller with any inventory, equipment, fixtures, or financing for Seller’s operation of the Business that has not been fully paid for by Seller. C. All commissions, salaries, bonuses and/or compensation due Seller’s employees for services rendered prior to settlement are to be paid in full by Seller by…show more content…
G. To the best of Seller’s knowledge and information, there is no pending litigation involving Seller as a party, regardless of whether such litigation involves, addresses, or pertains to the Assets, the Business, or the Business Premises and that there are no threatened claims against Seller pertaining to the Assets, the Business, or the Business Premises. H. Seller has not received any notice, demand, or request from any federal, state, or municipal authority for Seller to take any action to cure any circumstance or condition existing on or relating to the Assets, the Business, or the Business Premises. I. Seller has clear and marketable title to the equipment being sold except as may be noted elsewhere in this Agreement, is duly authorized and empowered to convey said assets, and will deliver the Assets free and clear of any and all accrued liabilities. J. To the best of Seller’s knowledge and information, Seller has complied with, and shall to settlement continue to operate the Business in accordance with applicable all laws and regulations. K. Seller has paid or will pay in full, to the date of settlement, all applicable withholding, sales, Social Security and unemployment insurance taxes. L. There shall be no judgments, actions, liens, or proceedings outstanding or pending against Seller or any Asset in any tribunal at the time of
Open Document