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For example: Mr. Anuj Singh, son of Mr. Rajesh Singh, with hair number xxxxxxxxxxx, domiciled at number 24, sector 13, Kurukshetra-136118 and Mr. Sunil Kumar, son of Mr. Baldev Kumar, with number xxxxxxxx, Domiciled at number 8, sector 8, Municipal estate, Kurukshetra-136118, continues the activity of the fabric trade under the name “RadhaKishan Trading”, a partnership company registered within the meaning of the Indian Partnership Act, 1932, based in Number Shop 118, Cloth Market, Kurukshetra-136118. Therefore, the name of the party must contain the name of the entity, the address of its registered office (registered office), the company identification number (CIN), the telephone and/or fax number, if applicable, the e-mail address and/or the address of the site, if applicable. But we can also include the company`s PAN. Therefore, a contract is performed on behalf of the LLP itself. Grouped party definitions. Many contracts are concluded between groups of counterparties.

It is useful to define each part individually (and to think about using the specific term defined if you are only referring to this part) and define each page by grouping the different parties. For example, in a purchase asset agreement, there are often multiple sellers (and buyers), one for intangible assets (IP), the other for each international tax unit, finance companies for shareholder loans and often also the parent company for certain operational assets. Another example is joint venture agreements (or shareholder agreements) in which the ultimate holding company is often the main party, while the actual shareholder is a tax-efficient local entity (or even a storage company). In these examples, reference should be made to the seller or ABC and to the buyer or XYZ. If you are a group partner, please note that such processing may also raise issues relating to joint and several liability for the performance of the obligations of an affiliated company. In many companies, this only raises theoretical questions, but it is advisable to treat joint and several liability in a separate clause. Where there is joint and several liability, it may raise issues or termination obligations under (covenants) of a framework loan or facility agreement of that company. . . .