Who Writes The Purchase And Sale Agreement

Signing and closing a transaction at the same time (when the parties sign the SPA and conclude the sale on the same day) is the preferred and easiest way to close a transaction. However, sometimes a time interval between signature and completion is required to meet certain pending final conditions. These are called „conditions precedent“ and typically include approvals from tax authorities, regulatory approval of mergers, and approval from a third party (e.g..B. if a provision to change control exists in a substantial contract of the company for sale). .