Change Of Control definition: Copy, customize, and use instantly
Introduction
The term "Change Of Control" refers to a significant shift in the ownership or management structure of an entity, often triggering specific rights, obligations, or conditions under a contract. It is commonly used in agreements to address risks associated with mergers, acquisitions, or shifts in control.
Below are various examples of how "Change Of Control" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Change Of Control" in corporate governance
This definition "Change Of Control" applies to shifts in corporate ownership or control.
"Change Of Control" means any transaction or series of transactions that results in the transfer of more than 50% of the voting power or equity interests of a corporation to a new owner or group of owners.
Definition of "Change Of Control" in merger agreements
This definition "Change Of Control" focuses on mergers and acquisitions.
"Change Of Control" refers to any merger, consolidation, or other business combination that results in the transfer of a majority interest or operational control of a company to another entity.
Definition of "Change Of Control" in employment agreements
This definition "Change Of Control" relates to shifts affecting employment arrangements.
"Change Of Control" means any event resulting in a significant shift in ownership, such as a merger, sale of substantially all assets, or acquisition of the company employing the individual.
Definition of "Change Of Control" in loan agreements
This definition "Change Of Control" addresses financial obligations affected by changes in control.
"Change Of Control" means any transaction or event that results in a new entity or individual acquiring the power to direct the management or policies of the borrower, whether through ownership, contract, or otherwise.
Definition of "Change Of Control" in partnership agreements
This definition "Change Of Control" applies to changes in partnership dynamics.
"Change Of Control" refers to any transaction or event in which a partner transfers their controlling interest or ownership stake to another party, affecting the governance of the partnership.
Definition of "Change Of Control" in franchise agreements
This definition "Change Of Control" relates to shifts in franchise ownership.
"Change Of Control" means any event or transaction resulting in the transfer of the majority ownership or control of the franchisee’s business to a new party.
Definition of "Change Of Control" in shareholder agreements
This definition "Change Of Control" focuses on shifts among shareholders.
"Change Of Control" refers to any event that results in the acquisition of a controlling interest in the company’s shares by a new entity or individual.
Definition of "Change Of Control" in real estate transactions
This definition "Change Of Control" applies to property ownership changes.
"Change Of Control" means any transfer or disposition of ownership or control of a property-holding entity that affects its governance or operational control.
Definition of "Change Of Control" in technology licensing agreements
This definition "Change Of Control" addresses control changes in licensing arrangements.
"Change Of Control" refers to any event in which a party to the agreement is acquired, merged, or undergoes a reorganization that results in a new controlling entity.
Definition of "Change Of Control" in public companies
This definition "Change Of Control" relates to publicly traded entities.
"Change Of Control" means any event that results in a person or group acquiring more than 50% of the outstanding voting securities of the public company.
Definition of "Change Of Control" in private equity transactions
This definition "Change Of Control" applies to changes in ownership in private equity deals.
"Change Of Control" refers to any acquisition or transaction resulting in the transfer of controlling interest in a portfolio company managed by a private equity firm.
Definition of "Change Of Control" in manufacturing agreements
This definition "Change Of Control" relates to shifts affecting manufacturing arrangements.
"Change Of Control" means any event that results in the transfer of ownership or operational control of a manufacturing entity to a new party.
Definition of "Change Of Control" in energy sector agreements
This definition "Change Of Control" applies to agreements in the energy industry.
"Change Of Control" refers to any transaction that results in a change in ownership or control of an energy-producing or distributing company.
Definition of "Change Of Control" in government contracts
This definition "Change Of Control" focuses on shifts affecting government contractors.
"Change Of Control" means any transfer of ownership or management that affects the ability of a contractor to fulfill obligations under a government contract.
Definition of "Change Of Control" in telecommunications agreements
This definition "Change Of Control" applies to changes in telecom entities.
"Change Of Control" refers to any event that results in the transfer of ownership or controlling interest in a telecommunications provider.
Definition of "Change Of Control" in healthcare organizations
This definition "Change Of Control" focuses on shifts in healthcare entities.
"Change Of Control" means any transaction or event that results in the transfer of ownership or operational control of a healthcare provider or organization.
Definition of "Change Of Control" in joint ventures
This definition "Change Of Control" applies to changes in joint venture partnerships.
"Change Of Control" refers to any transfer of ownership or management rights in a joint venture entity that affects its governance or operation.
Definition of "Change Of Control" in licensing agreements
This definition "Change Of Control" relates to intellectual property licenses.
"Change Of Control" means any transaction resulting in a new entity acquiring operational control of a licensee or licensor.
Definition of "Change Of Control" in transportation contracts
This definition "Change Of Control" focuses on shifts in transport-related agreements.
"Change Of Control" refers to any event that results in the transfer of ownership or control of a transportation service provider.
Definition of "Change Of Control" in educational institutions
This definition "Change Of Control" applies to changes in control of schools or universities.
"Change Of Control" means any event that results in the transfer of governance or ownership of an educational institution.
Definition of "Change Of Control" in cybersecurity firms
This definition "Change Of Control" addresses shifts in control of cybersecurity companies.
"Change Of Control" refers to any transaction that results in the transfer of operational control or ownership of a cybersecurity firm.
Definition of "Change Of Control" in non-profit organizations
This definition "Change Of Control" focuses on changes in control for non-profits.
"Change Of Control" means any transaction or event that results in the reorganization or transfer of governing authority of a non-profit organization.
Definition of "Change Of Control" in automotive industry agreements
This definition "Change Of Control" relates to changes in control of automotive businesses.
"Change Of Control" refers to any transaction resulting in the transfer of ownership or management control of an automotive manufacturer or supplier.
Definition of "Change Of Control" in retail sector agreements
This definition "Change Of Control" applies to changes in retail businesses.
"Change Of Control" means any event or transaction that results in the transfer of ownership or operational control of a retail company.
Definition of "Change Of Control" in real estate investment trusts (REITs)
This definition "Change Of Control" focuses on changes affecting REITs.
"Change Of Control" refers to any event that results in a new entity acquiring a controlling interest in a real estate investment trust.
Definition of "Change Of Control" in software-as-a-service (SaaS) agreements
This definition "Change Of Control" applies to SaaS providers.
"Change Of Control" means any transaction that results in the transfer of ownership or operational control of a SaaS company or platform.
Definition of "Change Of Control" in energy utility providers
This definition "Change Of Control" focuses on changes in utility companies.
"Change Of Control" refers to any transaction resulting in the transfer of ownership or operational control of an energy utility provider.
Definition of "Change Of Control" in environmental projects
This definition "Change Of Control" applies to agreements focused on environmental initiatives.
"Change Of Control" refers to any transaction or event resulting in the transfer of control of an organization managing environmental or sustainability projects.
Definition of "Change Of Control" in music licensing agreements
This definition "Change Of Control" focuses on rights management in music licensing.
"Change Of Control" means any event resulting in the transfer of ownership or administrative control of a music catalog or licensing entity.
Definition of "Change Of Control" in space exploration companies
This definition "Change Of Control" relates to ownership changes in space exploration entities.
"Change Of Control" refers to any event that results in the transfer of majority ownership or operational control of a company involved in space exploration or related technologies.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.