Distribution Agreements · glossary
Someone new gaining control of Tullavane, for example by buying it. Tullavane must tell Cressby in writing, and clause 22.3 then lets Cressby end the Agreement. Cressby does not want its distributor owned by a rival maker. Agreement, clause 1.1, “Change of Control” · Chapter 10
Explained in Chapter 10, Ending a Distribution Agreement: Stock, Customers and Goodwill, of Distribution Agreements.
A Change of Control means someone new gains control of Tullavane, for example by buying it. Tullavane must tell Cressby in writing within 10 working days. Cressby then has 3 months from learning of the change to decide whether to end the deal.Read Chapter 10, Ending a Distribution Agreement: Stock, Customers and Goodwill →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Distribution Agreements and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
a person who does not control the Distributor on the date of this Agreement acquiring control of it, within the meaning of section 1124 of the Corporation Tax Act 2010;Read the definition in the document →
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Distribution Agreements → · All terms A–Z →