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Define: Group Company

any undertaking which is, on or after the date of this Agreement from time to time, a subsidiary undertaking of the Company, a parent undertaking of the Company or a subsidiary undertaking of a parent undertaking of the Company, as those terms are defined in section 258 of the Companies Act 1985;

any undertaking which for the time being Controls, or is Controlled by, the Collaborator or which for the time being is Controlled by a third person which also Controls the Collaborator;.
any undertaking which for the time being Controls, or is Controlled by, the Company or which for the time being is Controlled by a third person which also Controls the Company;.

Relevant Circumstances

  • When a contract benefits or binds an entity's parent, sibling and subsidiary companies
  • If group structures may change during the life of the agreement
  • Where statutory definitions of subsidiary undertaking control the test

Relevant Contract Types

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