Final stages DLA Piper. Accelerate16 Jan 2021 10:10
5. Signing
After the definitive agreement and the forms of certain important ancillary agreements are agreed upon, the documents are
signed. Closing may occur simultaneously or, if certain actions must be taken prior to closing (such as obtaining government
approvals or obtaining consents to assignments of key agreements), on a later date.
6. Pre-closing period
If there is a period between signing and closing, the target and the buyer will prepare all closing deliverables and satisfy all
closing conditions (eg, obtaining government approvals and third-party consents, getting key employees to sign employment
agreements with the buyer). The length of the pre-closing period can vary, depending on the closing conditions that need to
be satisfied.
7. Closing
When all the closing conditions are satisfied, the deal is ready to close and funds are exchanged. This is the moment when the
transaction actually occurs.