Dissolution of Subsidiary Agreement

About this template:

This particular legal document or agreement of assignment is used to assist in articulating the terms for a dissolution of a subsidiary agreement. See other legal documents that you may be interested in at https://www.templateguru.co.za/templates/legal/

Excerpt:

DISSOLUTION OF SUBSIDIARY AGREEMENT This Dissolution of Subsidiary Agreement (the Agreement) is effective [DATE] WHEREAS the Subsidiary wishes to dissolve pursuant to [ARTICLE/CLAUSE] of the [COUNTRY COMPANYS ACT/LAW]; WHEREAS the Parent owns all the outstanding shares in the capital stock of the Subsidiary and upon a distribution of the assets of the Subsidiary would be entitled to all such assets; WHEREAS the Parent has agreed to assume and discharge all liabilities if any and obligations of the Subsidiary and has also agreed to assume all expenses [OPTIONAL] in connection with the proposed dissolution of the Subsidiary;

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