CONDITIONS PRECEDENT CHECKLIST (M&A / ASSET PURCHASE)
- Corporate Approvals: Board/stockholder consents; officer certificates; good standings; bring-down certificates.
- Third-Party Consents: Key contracts, leases, IP licenses, debt instruments.
- Regulatory/Filings: HSR (if applicable); state/local filings; industry approvals.
- Financial Deliverables: Updated balance sheet; working capital certificate; debt payoff letters.
- Reps/Bring-Down: Accuracy of reps to closing standard; no MAE.
- Covenants Performed: Conduct of business covenant; pre-closing covenants satisfied.
- Tax Items: FIRPTA certs; withholding items; tax clearance (if required).
- Title/IP/Assets: Deeds, bills of sale, assignments, IP assignments.
- Insurance: Tail policies (D&O/E&O/Cyber); certificates.
- Closing Payments/Funds Flow: Funds flow memo; wire instructions; escrow agreement.
- State-Specific Items (Arizona): Confirm any Arizona-specific tax clearances or statutory notices.
[// GUIDANCE: Align this list with the definitive agreement's conditions precedent section.]
Do more with Ezel
This free template is just the beginning. See how Ezel helps legal teams draft, research, and collaborate faster.
AI that drafts while you watch
Tell the AI what you need and watch your document transform in real-time. No more copy-pasting between tools or manually formatting changes.
- Natural language commands: "Add a force majeure clause"
- Context-aware suggestions based on document type
- Real-time streaming shows edits as they happen
- Milestone tracking and version comparison
Research and draft in one conversation
Ask questions, attach documents, and get answers grounded in case law. Link chats to matters so the AI remembers your context.
- Pull statutes, case law, and secondary sources
- Attach and analyze contracts mid-conversation
- Link chats to matters for automatic context
- Your data never trains AI models
Search like you think
Describe your legal question in plain English. Filter by jurisdiction, date, and court level. Read full opinions without leaving Ezel.
- All 50 states plus federal courts
- Natural language queries - no boolean syntax
- Citation analysis and network exploration
- Copy quotes with automatic citation generation
Ready to transform your legal workflow?
Join legal teams using Ezel to draft documents, research case law, and organize matters - all in one workspace.