Assignment of Contracts

Use: Covers important business contracts that may need to continue after closing.

Clause wording

This Agreement is conditional upon the Buyer reviewing and being satisfied with the material contracts of the Business and obtaining assignment or replacement arrangements satisfactory to the Buyer on or before [CONTRACT_ASSIGNMENT_DEADLINE].

Meaning

Covers important business contracts that may need to continue after 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.