Completion is when the deal becomes real - funds transfer, control changes, and ownership moves. But the relationship doesn't end there.
Completion mechanics
Completion is a carefully choreographed process. Multiple things need to happen in the right sequence:
Pre-completion
Satisfying all conditions, preparing completion documents, arranging funds, finalising ancillary agreements.
Completion meeting
Signing and exchanging documents, transferring shares or assets, releasing funds, handing over control.
Immediately post-completion
Filing notices, updating registers, notifying relevant parties, completing handover tasks.
Post-completion obligations
Completion isn't the end. Both parties usually have ongoing obligations:
Seller obligations
- Cooperation with transition
- Non-compete restrictions
- Warranty period obligations
- Earn-out cooperation if applicable
Buyer obligations
- Deferred consideration payments
- Employee retention commitments
- Earn-out achievement reporting
- Indemnity claims process
Transition arrangements
The period immediately after completion is critical. Customers need reassurance, employees need clarity, and the business needs continuity. Good transition planning addresses:
- Customer communication and relationship handover
- Employee announcements and retention
- System access and security changes
- Supplier notification and relationship management
- Seller assistance during transition period
When to seek help after completion
Issues can arise after completion. Contact your lawyer if:
- You discover something not disclosed that should have been
- A warranty appears to have been breached
- The other party isn't meeting their post-completion obligations
- A dispute arises about earn-out calculations or other deferred matters
- Third parties raise claims relating to the transaction
Time limits matter
Warranty claims usually have strict time limits. If you discover a problem, seek advice promptly. Waiting can cost you your remedies.
What we do at this stage
We manage the completion process, ensure all documents are properly executed, coordinate fund flows, and help with post-completion matters. We are available to assist with any issues that arise after the deal is done.
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Whether you are buying, selling, or just exploring your options, experienced guidance makes all the difference. We are here to help you navigate the process.
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