Oklahoma Negotiating and Drafting the Merger Provision

State:
Multi-State
Control #:
US-ND1805
Format:
Word; 
PDF
Instant download

Description

This form provides boilerplate contract clauses that merge prior and contemporary negotiations and agreements into the current contract agreement. Several different language options are included to suit individual needs and circumstances.

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FAQ

15, § 219A. Noncompetition agreements: Unlawful Contracts ? Oklahoma. Prohibits noncompete contracts except those written to protect the sale of goodwill of a business, dissolution of a partnership or those that prohibit only the direct solicitation of established customers of the former employer. Oklahoma - Legislation ? The Source on HealthCare Price and Competition sourceonhealthcare.org ? legislation ? okla-stat-tit-... sourceonhealthcare.org ? legislation ? okla-stat-tit-...

CHARACTERISTICS OF A CONTRACT ? Parties capable of contracting. ? Consent. ? A lawful object; can't involve illegal activity. ? Sufficient cause or consideration.

Parts of merger and acquisition contracts ?Parties and recitals. ?Price, currencies, and structure. ?Representations and warranties. ?Covenants. ?Conditions. ?Termination provisions. ?Indemnification. ?Tax.

Except as provided in subsection C or D of this section, any provision in a construction agreement that requires an entity or that entity's surety or insurer to indemnify, insure, defend or hold harmless another entity against liability for damage arising out of death or bodily injury to persons, or damage to property, ...

Oklahoma law provides the term in the construction agreement requiring the contractor to indemnify the owner for death or bodily injury to persons and property damage arising out of the owner's own negligence or fault "void and unenforceable." It is found in Okla. Oklahoma's Construction Agreement Anti-Indemnity Law Doerner Saunders Daniel & Anderson ? Press-Room ? Oklahomas-Co... Doerner Saunders Daniel & Anderson ? Press-Room ? Oklahomas-Co...

Section 219A provides that where an employee has executed a covenant not to compete with the employer, the employee ?shall be permitted to engage in the same business as that conducted by the former employer as long as the former employee does not directly solicit the sale of goods, services or a combination of goods ... Noncompetition agreements, Okla. Stat. tit. 15 § 219A - Casetext casetext.com ? statute ? title-15-contracts ? analysis casetext.com ? statute ? title-15-contracts ? analysis

The purpose of the merger clause is to limit any disputes regarding the meaning of the contract to the terms contained within its four corners.

A corporation shall have power to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation, by reason of the ... Oklahoma Statutes §18-1031 (2022) - Indemnification of officers, directors ... justia.com ? codes ? title-18 ? section-18-1031 justia.com ? codes ? title-18 ? section-18-1031

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Oklahoma Negotiating and Drafting the Merger Provision