Closing conditions
Further negotiations relating to closure must be prepared. In relation to an asset deal this includes
- financial closing: payment
- real estate: registration with Land Register
- moveable property: transfer of possession or keys
- claims and assets
- receivables: sale / assignment
- securities: transfer, if nominal with endorsement.
- other claims: sale / assignment
- intangible assets
- patents: application for registration
- manufacturing secrets: provision of confidential documents – info
- know-how: provision of confidential documents – info
- copyright: assignment
- designs: application for registration
- trade marks: application for registration
- domain names: application for registration
- any cash: transfer
- leases: assignment agreement
- contracts of employment: assignment agreement
- leasing contracts: assignment agreement
- licences: assignment agreement
- insurance: insurance application/cover note
- maintenance contracts: assignment agreement
- permits and concessions: request/order
- etc.
Closing
Reciprocal performance (= execution), see closing conditions.
