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share purchase agreement - The Law Society of Saskatchewan

share purchase agreement - The Law Society of Saskatchewan

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28(32) Restrictions on Doing Business:<strong>The</strong> Corporation is not a party to or bound by any <strong>agreement</strong>which would restrict or limit its right to carryon anybusiness or activity or to solicit business from any person orin any geographical area or otherwise to conduct the Businessas the Corporation may determine. <strong>The</strong> Corporation is notsubject to any legislation or any jUdgment, order orrequirement <strong>of</strong> any court or governmental authority which isnot <strong>of</strong> general application to persons carrying on a businesssimilar to the Business. To the best <strong>of</strong> the knowledge <strong>of</strong> theVendor and the Shareholder, there are no facts orcircumstances which could materially adversely affect theability <strong>of</strong> the Corporation to continue to operate the Businessas presently conducted following the completion <strong>of</strong> thetransactions contemplated by this Agreement.(33) Guarantees, warranties and Discounts:Except as described in Schedule "P"attached hereto:(a) the Corporation is not a party to or bound by any<strong>agreement</strong> <strong>of</strong> guarantee, indemnification, assumption orendorsement or any other like commitment <strong>of</strong> theobligations, liabilities (contingent or otherwise) orindebtedness <strong>of</strong> any person;(b)(c)(d)the Corporation has not given any guarantee or warrantyin respect <strong>of</strong> any <strong>of</strong> the products sold or the servicesprovided by it, except warranties made in the ordinarycourse <strong>of</strong> the Business and in the form <strong>of</strong> theCorporation's standard written warranty, a copy <strong>of</strong> whichhas been provided to the Purchaser, and except forwarranties implied by law;during each <strong>of</strong> the three fiscal years <strong>of</strong> the Corporationended immediately preceding the date here<strong>of</strong>, no claimshave been made against the Corporation for breach <strong>of</strong>warranty or contract requirement or negligence or for aprice adjustment or other concession in respect <strong>of</strong> anydefect in or failure to perform or deliver any products,services or work which had, in any such year, anaggregate cost exceeding $-;there are no repair contracts or maintenance obligations<strong>of</strong> the Corporation in favour <strong>of</strong> the customers or users <strong>of</strong>products <strong>of</strong> the Business, except obligations incurred inthe ordinary course <strong>of</strong> the Business and in accordancewith the Corporation's standard terms, a copy <strong>of</strong> whichhas been provided to the Purchaser;

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