Seller’s Ongoing Rights Sample Clauses

The "Seller’s Ongoing Rights" clause defines the rights that the seller retains after the completion of a transaction or sale. This may include rights such as continued access to certain information, the ability to receive post-closing payments, or the right to enforce warranties or indemnities. For example, the seller might retain the right to audit the buyer’s records to verify earn-out payments or to receive updates on the use of intellectual property sold. The core function of this clause is to protect the seller’s interests after the sale by ensuring they can monitor, enforce, or benefit from specific post-closing obligations or arrangements.