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Tag: parent company

20 04 '20
Photo by Helloquence on Unsplash

The letter of intent may constitute an obligation of result

A parent company which, in a letter of intent, undertakes to do « what is necessary to ensure that its subsidiary respects its commitments and has sufficient cash » grants to the bank a guarantee with an obligation to achieve a fixed result.

olivier VIBERT
CategoryCompanies / Business
Categorybank, guarantee, letter of intent, parent company, subsidiary company

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