Licenses and Permits

Use: Covers licenses and permits needed to operate the business after closing.

Clause wording

This Agreement is conditional upon the Buyer reviewing and being satisfied with all licenses and permits required for the Business and obtaining transfer, replacement, or new approvals satisfactory to the Buyer on or before [LICENSE_DEADLINE].

Meaning

Covers licenses and permits needed to operate the business 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.