Gift Cards / Prepaid Liabilities

Use: Any gift cards, prepaid packages, or customer credits need to be disclosed and handled at closing.

Clause wording

The Seller shall disclose all outstanding gift cards, prepaid packages, deposits, memberships, loyalty credits, and similar customer liabilities, and the parties shall adjust or allocate responsibility for such amounts on closing.

Meaning

Any gift cards, prepaid packages, or customer credits need to be disclosed and handled at closing.

中文解释

要把礼品卡、预付套餐或客户余额说清楚。

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