Utilities, Systems, and Account Transfer

Use: Helps ensure operational accounts are transferred or set up so the business can continue after closing.

Clause wording

The Seller shall cooperate with the Buyer to transfer or assist in setting up utilities, POS systems, phone numbers, websites, social media accounts, vendor accounts, delivery platform accounts, and other operational accounts required for business continuity.

Meaning

Helps ensure operational accounts are transferred or set up so the business can 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.