| Commentary

224.2 Completion accounts

| Commentary

224.2 Completion accounts

There may be some assets, the value of which cannot be ascertained without a valuation as at ‘the transfer date’, that is, the date on which the transfer is to take effect. The agreement should provide that, in such cases, completion accounts must be prepared by the seller’s accountants, and that the seller is not entitled to receive the consideration for those assets until those accounts have been finalised.

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