Franchise / Landlord Approval

Use: Protects the buyer if required approvals cannot be obtained.

Clause wording

This Agreement is conditional upon the Buyer obtaining all required landlord, franchisor, or third-party approvals on terms satisfactory to the Buyer on or before [APPROVAL_DEADLINE].

Meaning

Protects the buyer if required approvals cannot be obtained.

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.