Obligation to tender
An obligation to offer (of up tender offer =) is either a statutory provision or a private law obligation.
Statutory Regulations
In the case of waste disposal, the obligation to provide is the obligation to dispose of hazardous waste via a specific facility, hazardous waste dump , hazardous waste incineration plant or a prescribed waste disposal company. The obligation to provide waste for disposal is stipulated by the waste management office in the waste statute of the district or municipality.
Private law obligations
Stock trading
In share trading , an obligation to tender shares in favor of a specific person or company can be agreed in the event of the intended sale. The shareholder wishing to transfer shall notify the shareholders of his intention to transfer by means of a registered letter, stating the number of shares to be transferred. If a third party has expressed their interest, their person and offer must also be named.
Insurance
The obligation to tender in foreign trade stipulates that if export credit insurance has been taken out, the insured company is obliged to insure all transports through the specified insurance company. It must also declare all transports covered by the contract with the insurance company.
Cooperative system
The articles of association of agricultural cooperatives stipulate that all products intended for sale must be delivered to them during membership. This is of practical importance in particular in the case of dairy cooperatives, where severe contractual penalties are stipulated in the event of a breach, and in the case of cooperative LPG follow-up companies in the new federal states. Livestock disposal cooperatives do not insist on the obligation to tender, despite the statutory obligation.
See also
Web links
- Hazardous waste in Baden-Württemberg ( Memento from July 13, 2003 in the Internet Archive )