| Commentary

34.1 Completion stage

| Commentary

34: COMPLETION

(For completion clauses see Form 34.1 [1497] onwards.)

34.1 Completion stage

Completion usually occurs on a specified date after the signing of a contract. Agreements may provide for certain events to occur ‘on completion’. For example, in the sale of real property, these include execution and delivery of the formal conveyance of the property and the hand-over of keys. A completion stage is also common in agreements for the sale of a business; the completion events may include the execution of formal assignments of goodwill and intellectual property, and the delivery of accounting and company secretarial records.

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