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1. The Defendant’s KRW 30,000,000 as well as the Plaintiff’s annual interest from February 25, 2017 to November 28, 2018, and the following.
Reasons
1. Basic facts
A. On February 17, 2012, the Plaintiff entered into a transfer contract with the Defendant (hereinafter “instant contract”).
In transferring the above electrical construction business and specialized fire fighting business to the Plaintiff, the transferor’s defendant shall be “A”, and the transferee’s plaintiff shall enter into a contract for transferring the electrical construction business and specialized fire fighting business as follows:
Article 1 (Purpose) “A” transfers the right to register electrical construction business (Seoul-0580) and the right to register specialized fire-fighting construction business (Seoul-0580) to “B” and “B” succeeds to the status of “A” as prescribed in Article 7 of the Electrical Construction Business Act.
Article 2 (Amount) The value of transfer or acquisition of an object above shall be KRW 310,000,000 (Article 2 310,000).
(Provided, That the money invested by the Fire-Fighting Cooperative shall be settled separately) Article 3 (Method of Payment)
1. “B” shall pay 30,000,000 Won in the form of a down payment at the time of the conclusion of this contract.
2. The balance shall be paid to B, “B,” the daily gold KRW 280,000,000,000 when receiving the certificate of registration for the electrical construction business and the certificate of registration for the specialized fire-fighting construction business under the name of the transferee.
Article 4 (Performance of Electrical Construction and Fire-Fighting Construction Work)
1. “A” shall transfer the results of electrical construction and the results of fire-fighting construction (from the starting date to the ending date of 2012).
2. The record of electrical construction and the record of fire-fighting construction in 201 must be responsible for “A” and the calculation of the report on the Association of “B” should not be interrupted.
Article 8 (Matters to be Observed)
1. “B” shall faithfully accommodate all the procedures necessary for transfer and acquisition after this Agreement, and “A” shall cooperate immediately upon request for documents required by “B”.
2. When the transfer and acquisition procedures are conducted, “B” may change and process the transferee.
Article 13 (Indemnification and Custody)
1. In the event that “A” is inevitably a breach of this contract due to the circumstances of “A”, “A” shall add 100% to the down payment and its amount.