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When reviewing a Share Purchase Agreement (SPA), some of the key clauses to examine include: The parties to the transaction. The number and type of shares being sold. The purchase price and any adjustments. Representations and warranties of both parties. Indemnities and liabilities. Restrictions post completion.
The closing is the moment a posteriori in which both parties effectively fulfil their main obligations (delivery of the object and payment of the stipulated price) as the agreed conditions are met, so that the consummation takes place, i.e., the completion of the legal transaction with the following transfer of the ...
Signing a PSA does not complete the sale of the home. Signing a purchase agreement, however, does complete the home sale. Where the PSA lays out the details of the transaction leading up to the closing date, the purchase agreement is what you sign to finalize the transaction.
The closing is the moment a posteriori in which both parties effectively fulfil their main obligations (delivery of the object and payment of the stipulated price) as the agreed conditions are met, so that the consummation takes place, i.e., the completion of the legal transaction with the following transfer of the ...
A closing condition is an obligation that each party must satisfy in the time period between the acquisition agreement and actual closing.
The closing date refers to the date when a company purchase and sale transaction is signed off and completed. This date may be different than the effective date, which is the date when the transaction is deemed to have occurred. Most of the time, the closing and effective date of a transaction is the same day.