Commentary

33.1 Further action required after completion

BOILERPLATE AND COMMERCIAL CLAUSES vol 4(3)
| Commentary

33.1 Further action required after completion

| Commentary

33: FURTHER ASSURANCE

(For further assurance clauses see Form 33.1 [1486] onwards.)

33.1 Further action required after completion

In a contract for a single-transaction, (such as a sale agreement, mortgage, or intellectual property assignment), on completion of the transaction it is often necessary for one or both parties to take further action to perfect title, or conform to statutory rules or to finalise the transaction. In order to avoid argument or delay in respect of such matters, a contract will usually contain a clause which obliges one or more parties to execute any further documents that may be required

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