Homework Lesson 8

30/10 Homework Lesson 8

From ILE text book
pag. 66 ex. 4, 5, 6
pp.67-68 Reading 2 ex 7, 8, 9

Language notes per il testo "Covenant not to compete" accordo di non competere :

Par. A Capitalised terms are those which are consistently written with a capital letter (e.g. Covenant, Shareholder, Purchaser, Seller, Purchase Agreement, Business, Closing and Agreement)

Par. F Precedent = preceding or before (the Covenant must be completed before the Purchase Agreement can be closed)

Par. F execute = sign

Par. 1 controlling ownership interest (of record or beneficial). A shareholder of record is the person named on the share certificate , but in fact the beneficial owner may be somebody else. (i.e. a child. Usually this happens for tax reasons)

Par. 2. a lessee = a person who leases (rents) something, typically a property

Par. 2.b subject to = in accordance with

Par. 3 wire transfer = electronic transfer of funds

Par. 5 provision = here means clause

Par. 5 stricken = hit (past participle is struck) or delete (past participle is stricken)