that the merger contract contains terms that are defined but not used: for example, after uploading your draft contract (in this case an agreement and a merger plan) into the DexDye Definition Tracker, the LexDye immediately showed definition plotter. . Termination clauses describe situations in which a seller or buyer has the right to terminate the transaction. Termination rights are invoked when one or more of the conditions of the transaction are not met and cannot be met. In order to further limit uncertainty about such a situation, a termination date is usually indicated. This date (referred to as the drop-dead date in the US and the LONG STOP date in the UK) is under negotiation and must take into account the expected regulatory process and the time required to obtain further appropriate approvals and approvals. Many purchase and sale contracts include separation or termination fees. This may be partly explained by the fact that these payments may depend on the future development of the business, which is under the control of the buyer. M&A transactions can be structured into asset or equity sales. In the event of the sale of assets, the specific assets (and liabilities) sold (including office supplies up to goods) are included in the purchase and sale contract. .