[Consultation] Drafting of Sales Transfer Agreement and Agreement on Transfer of Status.

Law firm Veat prepared and provided a sales transfer agreement and a resolution on the transfer of contractual status based on the request of A, a software company providing internet • mobile services.

A, hoping to create synergy, intended to acquire a new online service. Accordingly, Veat conducted a comprehensive review regarding the essential requirements for a significant sales transfer as stipulated in the Korean Commercial Code and case precedents, and provided a sales transfer agreement. Furthermore, Veat provided detailed explanations of the procedures required for a sales transfer in a separate document, as A plans to establish a subsidiary, B, and proceed with a sales transfer. Therefore, Veat also drafted a resolution on the transfer of contractual status from A to B, as part of the sales transfer agreement.

Law firm Veat possesses extensive legal advisory experience related to sales transfer agreements, business transfer agreements, and M&A, and provides assistance to minimize legal risks. If you require professional legal advice regarding sales transfer agreements, including sales transfer agreements and resolutions on the transfer of contractual status, please contact Law firm Veat.

Thank you.

Law firm Veat.