Glossary
Signing and Closing
Signing is the signature under the purchase agreement, closing is the point when the company actually changes hands and the purchase price is paid. In between, conditions such as financing need to be met.
Related termBusiness Purchase AgreementThe contract that governs the takeover: what is being sold, the price and payment terms, warranties, the closing date and transition rules.Next Read moreTake over or start a company: What's a better fit for you.Next
FAQ
Frequently asked questions
What is the difference between signing and closing?
Signing is the signature under the purchase agreement, closing is the point when the company actually changes hands and the purchase price is paid.
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