EXPENSES (TRANSACTION COSTS)
Other Names: Transaction Expenses • Transaction Costs • Costs, Fees and Expenses • Payment of Transaction Costs and Expenses • Transaction Costs and Expenses
Sample Clause Language:
Except as otherwise provided in this Agreement, each Party shall be responsible for its own costs and expenses incurred in connection with the preparation, negotiation and delivery of this Agreement and the Transaction Documents, including attorneys’ and accountants’ fees and expenses, whether or not the Closing shall have occurred.
Source: SOURCE: Constellation Brands, Inc. (2019, December 17). Form 8-K. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml
Description:
Expenses (Transaction Costs) clauses deal with who will pay for expenses related to the preparation, negotiation, and execution of the agreement (e.g., attorneys’ fees). The sample clause here is drafted to be neutral and provides that each party is to pay its own costs related to negotiating and signing the agreement.
Common Contracts with this Clause:
- Asset Purchase Agreements
- Stock Purchase Agreements
- Merger Agreements
- Loan Agreements
- Credit Agreements
- Stock Exchange Agreement
What you'll see with Lawgood:
Three (3) Alternative Positions
- Neutral
- Favorable to Party A
- Very Favorable to Party A
Draft better contracts with Lawgood.