DEALS CLOSING TWEET! StrikeForce Tech @StrikeF

DEALS CLOSING TWEET!

StrikeForce Tech @StrikeForceTech
·
1h
Replying to @chris_szoka
they are signed. closing means deals getting done with contracts.

For those who dont know the difference between a contract and closing a deal.

This may help:

Difference Between Signing and Closing

In many deals, this section of the contract contains promises as to what will happen in the future. In other words, no one buys or sells anything when they sign the contract. They just promise to do that at a future "closing" if a number of conditions are met. Most of the rest of the contract, however, is taken up with specifying the process by which the parties plan to get to closing, the circumstances in which one of them can back out, and the consequences that follow if one of them backs out in breach of the contract (or otherwise breaches the contract).

Some acquisition agreements are written to "sign" and "close" simultaneously. Those contracts are simpler because they don’t need to control the parties' conduct between signing and closing or figure out what happens if the situation changes or someone refuses to close. In many acquisitions, however, there has to be some time between signing and closing. Common reasons for that delay include getting consent of shareholders, government regulators, and third parties whose contracts with the parties require their consent to the deal.

IMO