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Form #1319Carrying on business
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Carrying on business
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Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your
agreement to hold this site, its officers, employees and any contributors to this
site harmless for any damage you might incur from your use of any submissions contained
on this site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice. YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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Carrying on business.
It shall be lawful for assignee in his [her]
discretion to carry on in the name of debtor or otherwise the business carried
on by him [her] as previously described, with a view to the gradual winding up
of the business, instead of immediately selling the business. For the purpose
of carrying on and winding up, the assignee may employ or authorize employment
of debtor as manager of the business, and any other persons to assist as
clerks, servants, or otherwise, and pay out of trust moneys to debtor and to
any other person who may be employed such salary, or wages, or remuneration for
services rendered, as assignee shall think fit. For the purpose of carrying on
the business it shall be lawful for assignee from time to time, at the expense
of the trust estate, to procure by purchase, hire, or otherwise,
stock-in-trade, fixtures, materials, chattels, and articles as they or —he shall think fit. During the carrying on of business
assignee shall make or cause to be made, in proper books, full and true entries
of all moneys received or expended by him [her] in the course of business, and
of all transactions and matters connected with the business, and shall pay all
rents, rates, taxes, and outgoings (including expenses of insurance and
repairs) payable in respect of the business premises, and all losses, expenses,
and sums of money to be incurred or become payable in respect of the business,
out of any part of the trust moneys which may be available for those purposes,
and shall apply the net moneys which shall be realized by carrying on of the
business in like manner as provided in reference to trust moneys the trusts of
which are previously declared.
Our Spam Policy
We hate getting spam as much as you do. So we have implemented a tough spam policy
regading how we deal with your email. We pledge that we will:
- Never rent, trade, or sell any email or any personal information to any third
party without your explicit consent
Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
Close
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Keywords: Carrying,business
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