Define: Asset Sale
the disposal by the Company of all or substantially all of its undertaking and assets (where disposal may include, without limitation, the grant by the Company of an exclusive licence of intellectual property not entered
the disposal by the Company of all or substantially all of its undertaking and assets (where disposal may include, without limitation, the grant by the Company of an exclusive licence of intellectual property not entered into in the ordinary course of business);.
Relevant Circumstances
- When the company sells substantially all of its business and assets
- If exclusive IP licences outside the ordinary course are treated as asset sales
- Where consent or preference rights are triggered by an asset disposal
Relevant Sectors
- Real Estate
- M&A
- IP & Licensing