Post Completion Liabilities Clause Samples
The Post Completion Liabilities clause defines the obligations and responsibilities that continue to bind the parties after the completion of a transaction, such as a sale or merger. This clause typically outlines which liabilities, warranties, or indemnities survive the closing date, specifying the duration and scope of these ongoing commitments. By clearly delineating post-completion responsibilities, the clause helps prevent disputes and ensures that both parties understand their continuing obligations after the main transaction has concluded.
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Post Completion Liabilities. The Purchaser will be solely responsible for and will indemnify the Vendor in respect of all liabilities and debts incurred in connection with the Business and the Business Assets in respect of the period on and from Completion save to the extent any liability arises substantially out of a breach by the Vendor of its obligations under this agreement.
Post Completion Liabilities. The Purchaser will be liable for all liabilities arising out of, or in any way connected with, the conduct of the Business and its use of the Assets as from Completion.