Acq ws5 detailed notes - Study guides, Class notes & Summaries

Conditional Contracts and Closing Before completing an acquisition various approvals, consents and clearances may be required (problems holding up deal), and ideally should be obtained before the sale and purchase agreement is signed. However, obtaining the necessary consents and approvals can take some time, and the parties may prefer not to delay exchange of contracts until all such matters have been resolved. CHOICES Total delay until condition fulfilled Complete – who takes commer...