From and after closing, the seller and the individual partners of the seller, the buyer, his related businesses, the successors, the beneficiaries of the assignment and their respective directors, representatives, representatives, collaborators and enforcement assistants agree to: of all losses, liabilities, rights, damages, costs and expenses (including, but not limited, legal fees and interests in relation to them) (cumulative claims) that arise, incur or are incurred in connection with (a) the operation of the seller of the restaurant on the day or before the closing; b) the seller`s failure to take charge and meet its obligations paid by the buyer in accordance with point 1.2 above. or (c) a violation of any insurance, warranty, contract or agreement that must be honoured by the seller under this Agreement. Slump Sale is an attractive option for a business that wishes to transfer/sell a business, since retail costs and taxes are complex for the transfer of businesses, it is wise for the parties to negotiate the cost burden of each party from the outset and to agree commercially. 2.1. Closing. The acquisition and sale of the assets (Closing) is completed on the [date] at the same time as the execution of this agreement (hereafter referred to as the completion date). d. References to this agreement or other agreement, instrument or other instrument must be interpreted as referring to this agreement, act or any other instrument, as it may be amended, amended or supplemented from time to time; Break and enter is a way of transferring the business as a “current business” at the same time as debts, i.e. on the basis of an “as is”. As part of this restructuring, companies generally sell their unprofitable businesses and the entire business is sold with all assets and liabilities related to this activity.
Prior to the introduction of Section 2 (42C), the courts held that the sale of Slump-Sale is a sale of a business on the basis of an ongoing business, if the flat price cannot be attributed to individual assets or liabilities.