Post-Closing Covenants

Post-Closing Covenants - "Post-Closing Covenants" are promises or obligations that parties agree to adhere to after the completion of a transaction, such as a merger. In merger agreements, these covenants typically address ongoing commitments, actions, or restrictions to ensure a smooth transition and integration, or to protect the interests of the involved parties after the deal has closed.

Class Information

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Identification

IRI: https://folio.openlegalstandard.org/RBdRbQ6LheYkEvM4LBGBHps
Label (rdfs): Post-Closing Covenants
Preferred Label: None
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Definition and Examples

Definition: "Post-Closing Covenants" are promises or obligations that parties agree to adhere to after the completion of a transaction, such as a merger. In merger agreements, these covenants typically address ongoing commitments, actions, or restrictions to ensure a smooth transition and integration, or to protect the interests of the involved parties after the deal has closed.
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Translations

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Class Relationships

Sub Class Of: Deal Protection and Related Provisions
Parent Class Of: Non-Competition Covenant

Non-Solicitation of Employees Covenant
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Additional Information

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Deprecated: False

Metadata

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