Define: Local Purchase Price

How is Local Purchase Price defined in a legal contract?

• Local Purchase Price means the portion of the total selling price specifically assigned to a transfer of assets or partnership interests between trading entities within a given country. The allocation is guided by the fair market values of the assets in the country. Both buyer and seller have agreed on the local prices as outlined in [appendix]. They negotiate, in good faith, a specific allocation that adheres to tax laws stipulations. The agreed allocation is binding for all tax matters, and is subject to adjustments if needed. Seen in 4 SEC filings.
• Local Purchase Price means the amount payable as defined in a local sale and purchase agreement. Seen in 1 SEC filing.
• Local Purchase Price means the part of the selling price allocated according to a recognized allocation method, for a portion of the business being transferred by an entity relating to a specific jurisdiction. Seen in 1 SEC filing.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of local purchase price' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Local Purchase Price means the predefined cost for asset transfers within particular jurisdictions.

Relevant Contract Type

• Asset Purchase Agreement
• Joint Venture Agreement
• Merger and Acquisition Agreement
• Partnership Agreement

Relevant Circumstances

• During the sale of a business
• During real estate transfers
• In transactions involving the acquisition of assets or shares

Relevant Sectors

• Real Estate
• Manufacturing
• E-commerce

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Genie Definition 2

• Local Purchase Price means the agreed payment within a local sale and purchase contract.

Relevant Contract Type

• Sales Contract
• Supply Agreement
• Distribution Agreement
• License Agreement

Relevant Circumstances

• In negotiations for product or service sales
• When drafting an agreement to supply goods or services
• When establishing terms for product distribution or licensing

Relevant Sectors

• Retail
• Consumer Goods
• Information Technology

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