Stock Cleanse Agreement | koshikira
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Stock Cleanse Agreement

If the conditions for publication of a Cleansing Notice are not met, a listed company may instead publish its own prospectus [12] in order to clean the securities it has issued from the restriction on sale. Unlike the laws of many other countries, English law does not offer special protection to distributors when the distribution contract has expired. While there have been a number of reports of court decisions showing that judges are trying to protect distributors comparable to those where the Commercial Agents Regulation protects agents, there is still a way to do so. As such, the supplier, at the time of termination of the distribution contract, has delivered to the distributor stocks for which the distributor has not yet made payment. Few suppliers and distributors plan to return to the original contract at the end.

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