form Seller; cause seller to form target...

Discussion in 'Legal Terminology' started by hwolf, Aug 14, 2013.

  1. hwolf

    hwolf Senior Member

    Mexico City
    Native: Spanish MX; others English, German
    Hola,
    No entiendo este párrafo de un contrato de compra:

    WHEREAS, the Family Members will:
    (i) form Seller; (ii) cause Seller to form Target as a direct wholly-owned subsidiary thereof; and (iii) cause Target to form Partner Co as a direct wholly-owned subsidiary thereof;

    CONSIDERANDO QUE, los miembros de la familia
    (i) conforman el Vendedor, (ii) ocasionan que el Vendedor forme a Target como una subsidiaria que le pertenece directament al mismo.....

    Perdida.... gracias
    Heidi
     
    Last edited: Aug 15, 2013
  2. litiga8or

    litiga8or Senior Member

    Oregon, USA
    Rainy Oregon! USA
    to form seller = to create a company that will be the seller.
    to cause seller to form Target == to case the selling company to create a second company (the Target), as a wholly-owned subsidiary

    So the contract requires the signers to form 3 corporations. One corporation (seller), will form a second corporation (target), which will form a third corporation (partner).
     
  3. hwolf

    hwolf Senior Member

    Mexico City
    Native: Spanish MX; others English, German
    Wow! Thanks a lot! Clear enough to write it in Spanish!!
     
  4. JGCuadra Senior Member

    Nicaragua
    Latinamerican Spanish
    Heidi, ten cuidados con los términos en mayúsculas, podrían ser términos definidos cuyas mayúsculas deberán preservarse...
     

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