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APPLICATION ANSWERS · E-2 FIELD GUIDE

What if the licence agreement is missing but the seller supplies screenshots in North Bay?

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THE DIRECT ANSWER

Screenshots may show use, but they do not necessarily establish the governing rights. Identify the actual agreement or reliable evidence of the terms.

Resolve the right that supports the business plan

Ask the seller and licensor for the relevant licence and any transfer authorization. Record what is unavailable and what the screenshots actually prove. Do not infer unrestricted commercial rights from a working system. Have the operating dependency assessed before describing the acquired business as fully ready.

The share register and constitutional documents, the shareholders' agreement, every licence and permit with its holder, the equipment and vehicle schedule, current contracts and customer list, receivables, financial statements and tax returns, payroll records and the lease or deed for the yard. Signed manufacturing agreements should identify the parties, products, quantities or pricing method, quality obligations, deposits, cancellation terms, and remaining conditions; purchase orders, invoices, bank records, samples, and correspondence can show performance. Request the full set before committing anything: the capitalization table, the shareholder or operating agreement, bylaws, board and shareholder resolutions, the subscription or purchase agreement, recent financial statements, corporate registration filings, and any employment agreement offered alongside the stake.