How is the responsibility for obtaining necessary third-party consents or approvals allocated in the agreement?
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what is a purchase agreement for a business Informational
- What are the potential legal and practical challenges associated with transferring licenses and permits to a new owner? What are the specific clauses that might be included in a purchase agreement where the buyer intends to rebrand or reposition the acquired business?
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- How is the responsibility for filing and paying transfer taxes or other transaction-related taxes allocated?
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- What are the potential legal and financial implications of inheriting pre-existing contractual obligations of the selling business? What are the specific clauses that might be included in a purchase agreement for a business that is undergoing a significant strategic shift or transformation?
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