Accounts Receivable / Accounts Payable Treatment

Use: Clarifies who keeps receivables and who is responsible for payables around closing.

Clause wording

Accounts receivable and accounts payable shall be treated as of the closing date in accordance with [AR_AP_METHOD], and any adjustments shall be made between the parties on closing or as otherwise agreed in writing.

Meaning

Clarifies who keeps receivables and who is responsible for payables around closing.

中文解释

用简单中文解释这一条在交易里的作用。

Internal drafting aid only. Use historical/lawyer-reviewed wording where available; human/legal review required before external use.