| Commentary

7.3.1 Using columns

| Commentary

7.3 Layout of definitions clause

7.3.1 Using columns

The layout of the definitions clause is a matter of personal preference. Typical arrangements include columns and continuous paragraphs. The first column contains the defined word and the second contains its definition, for example:

the Assetsmeans the assets referred to in clause [number]
the Businessmeans the business of [description of business] carried on by the Vendor at the Transfer Date including (where the context admits) the Assets
Completionmeans the performance by the Parties of their respective obligations under clause [number]

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