跨国并购合同协议范本

跨国并购合同协议范本THISAGREEMENTISMADEANDENTEREDINTOASOF[CLOSINGDATE],byandbetween[BUYERENTITYNAME],a[BUYERENTITYTYPE]organizedandexistingunderthelawsof[BUYERJURISDICTION]("Buyer"),and[SELLERENTITYNAME],a[SELLERENTITYTYPE]organizedandexistingunderthelawsof[SELLERJURISDICTION]("Seller").1.DEFINITIONSANDINTERPRETATIONSInthisAgreement,unlessthecontextotherwiserequires:1.1"Agreement"meansthisCross-BorderMergerandAcquisitionAgreement,includingallSchedules,Annexes,andExhibitsthereto.1.2"EffectiveDate"meansthedatespecifiedinClause19.1.3"ClosingDate"meansthedatespecifiedintheClosingAgreement,ifany,otherwisethedatespecifiedinthisAgreement.1.4"Company"means[TargetCompanyName],a[TargetCompanyType]organizedandexistingunderthelawsof[TargetCountryJurisdiction]("TargetCompany").1.5"Shares"meansthe[Number]sharesof[Percentage]%Class[Number]CommonStock,parvalue[Amount]pershare,outstandingandauthorizedascontemplatedintheTargetCompany'sArticlesofIncorporation,unlessotherwisespecified.1.6"Business"meansthebusinessoftheTargetCompanyasconductedfromtimetotime,includingallassets,properties,contracts,rights,licenses,permits,andobligationsrelatedthereto.1.7"RepresentationsandWarranties"meanstherepresentationsandwarrantiessetforthinClause6.1.8"Indemnification"meansanyobligationofIndemnitortoindemnifyIndemniteeforanyloss,damage,claim,cost,orexpense.1.9"Closing"meansthecompletionofthetransactionscontemplatedbythisAgreement,assetforthintheClosingAgreement,ifany,otherwisetheclosingproceduresdescribedinthisAgreement.1.10"Ante-ClosingPeriod"meanstheperiodcommencingon[StartDateofAnte-ClosingPeriod]andendingimmediatelypriortotheClosingDate.1.11"ExclusivityPeriod"meanstheperiodcommencingon[StartDateofExclusivityPeriod]andendingontheearlierofthedateuponwhichBuyerprovideswrittennoticetoSellerofitsintentionnottoproceedwiththeTransactionortheClosingDate.1.12"DueDiligence"meanstheinvestigationandanalysisoftheBusiness,TargetCompany,anditsassetsandliabilitiesconductedbyBuyerduringtheAnte-ClosingPeriodwithreasonablediligence.1.13"ClosingAgreement"meansanagreementtobeexecutedbythePartiesatoraroundtheClosing,settingforththespecifictermsandconditionsoftheClosing.1.14"GoverningLaw"means[GoverningLawJurisdiction],withoutregardtoitsconflictoflawprinciples.1.15"DisputeResolution"meansthedisputeresolutionprovisionssetforthinClause14.1.16"Notices"meansanynotice,request,demand,orothercommunicationrequiredorpermittedunderthisAgreement,giveninaccordancewiththeproceduressetforthinClause18.1.17"Material"meansmatterthatwouldhavebeenimportantinthelightoftheinformationthenavailable.1.18"Party"meansBuyerorSeller,asapplicable.1.19"OtherParty"meansthepartyotherthanthePartyreferredto,whetherBuyerorSeller.1.20"Person"meansanindividual,corporation,partnership,trust,estate,orotherlegalentity.1.21"Schedules","Annexes",and"Exhibits"meanthedocumentslistedontheScheduleofExhibitsattachedhereto,eachofwhichisincorporatedbyreferencehereinasiffullysetforthherein.2.SUBJECTMATTEROFTRANSFER2.1PurchaseandSale.SubjecttothetermsandconditionsofthisAgreement,BuyeragreestopurchasefromSeller,andSelleragreestoselltoBuyer,theSharesoftheTargetCompany(the"Transaction").2.2ScopeofTransfer.TheTransactionshallbeasaleoftheSharesrepresenting[Percentage]%ofthevotingpowerand[Percentage]%ofthetotalnumberofsharesoutstandingoftheTargetCompany,freeandclearofallencumbrances,exceptaslimitedbytherepresentationsandwarrantiesofSellerandtheexceptionssetforthinClause6.2.3AssetsandLiabilities.TheTransfershallbeabsoluteandunconditional,includingallassets,liabilities,contracts,employees,properties,intellectualproperty,andPermitsoftheBusiness,whetherpresentlyexistingoracquiredhereafter,togetherwithallrights,title,andinterestinandtosuchassetsandliabilities.2.4PermitsandLicenses.SellerrepresentsandwarrantsthatithastherightandpowertogranttoBuyerallnecessarypermits,licenses,andapprovalsrequiredtooperatetheBusiness,andthattheissuance,modification,or续期thereofbyregulatoryauthoritieswillnotbeMaterial.2.5NoRepresentationsRelatingtoPost-ClosingOperations.BuyerassumestheBusinessasis,withoutrepresentationorwarrantyregardingitsfuturesuccess,profitability,oroperationsaftertheClosing.3.BUYER'SOBLIGATIONS3.1PaymentofPurchasePrice.BuyershallpaythePurchasePrice(asdefinedinScheduleA)toSellerattheClosing.ThePurchasePriceshallbepaidby[MethodofPayment,e.g.,wiretransfer]totheaddresssetforthinScheduleA.3.2ClosingProcedures.BuyershallperformallactionsrequiredtobetakenbyBuyeratoraroundtheClosing,includingexecutingtheClosingAgreementandprovidinganyotherdocumentsrequiredtobedeliveredattheClosing.3.3ObtainingApprovals.BuyershallusereasonableeffortstoobtainallnecessarygovernmentalandregulatoryapprovalsfortheTransaction,including,withoutlimitation,[Specifyanyspecificapprovalsrequired,e.g.,antitrustclearancefromtherelevantauthorityinCountryX],subjecttoSeller'scooperation.3.4RepresentationsandWarranties.BuyerrepresentsandwarrantstoSellerthatithasthefullright,power,andauthoritytoenterintothisAgreementandperformitsobligationshereunder.3.5Compliance.BuyershallcomplywithallapplicablelawsandregulationsinconnectionwiththeTransactionandtheoperationoftheBusinesspost-Closing.4.SELLER'SOBLIGATIONS4.1DeliveryofShares.SubjecttothepaymentofthePurchasePriceandthesatisfactionofallconditionsprecedent,SellershalltransfertheSharestoBuyerfreeandclearofallencumbrancesattheClosing.4.2DeliveryofAssetsandTransferofLiabilities.SellershalltransferallassetsoftheBusinessandassumeallliabilitiestotheextentrequiredtomaketheBusinessreadyforoperationbyBuyer.4.3Cooperation.SellershallprovideBuyerwithreasonablecooperationandassistance,includingaccesstotheBusiness,employees,records,andinformationnecessaryforDueDiligenceandtheClosing,exceptasmaybereasonablywithheldbySeller.4.4PermitsandLicenses.SellershallexecuteanddeliveralldocumentsnecessarytotransferthePermitsandLicensesrelatedtotheBusinesstoBuyer.4.5RepresentationsandWarranties.SellerrepresentsandwarrantstoBuyerregardingtheTargetCompany,theBusiness,theShares,anditscompliancewithlaws(asfurtherdetailedinClause6).4.6ClosingProcedures.SellershallperformallactionsrequiredtobetakenbySelleratoraroundtheClosing,includingexecutingtheClosingAgreementandprovidinganyotherdocumentsrequiredtobedeliveredattheClosing.5.PRICEANDPAYMENT5.1PurchasePrice.ThetotalpurchasepricefortheSharesbeingacquiredbyBuyerfromSeller(the"PurchasePrice")is[Amount][Currency],subjecttoadjustmentsasprovidedhereinandsetforthindetailinScheduleA.5.2Deposit.BuyershallpaytoSelleraninitialdepositof[Percentage]%ofthePurchasePrice,totaling[Amount][Currency],within[Number]businessdaysaftertheEffectiveDate(the"Deposit").5.3ClosingPayment.TheremainingbalanceofthePurchasePrice(the"ClosingPayment")shallbepaidbyBuyertoSellerwithin[Number]businessdaysaftertheClosingDate.5.4AdjustmentforIndebtedness.ThePurchasePriceshallbeadjusteddownwardbyanamountequaltothefairmarketvalueofanyIndebtednessoftheTargetCompany,asreasonablydeterminedbyBuyer'sIndependentAdvisorsandsubjecttoSeller'scureperiodasprovidedinClause6.5.5AdjustmentforWorkingCapital.ThePurchasePriceshallbeadjustedbasedontheWorkingCapitalTargetasdeterminedbyBuyer'sIndependentAdvisors,subjecttoSeller'scureperiodasprovidedinClause6.5.6OtherAdjustments.[Specifyanyotherpotentialadjustments,e.g.,basedonresultsofduediligence,contingentconsiderations].6.REPRESENTATIONSANDWARRANTIES6.1Seller'sRepresentationsandWarranties.SellerrepresentsandwarrantstoBuyer,asoftheClosingDate,that:(a)LegalStatusandCapacity.TheTargetCompanyislawfullyorganizedandvalidlyexistingunderthelawsofTargetCountryJurisdiction,haspowertoenterintothisAgreementandperformitsobligationshereunder,anditsArticlesofIncorporationandBylawsarevalid,effective,andenforceable.(b)Authority.Sellerhasfullright,power,andauthoritytoenterintothisAgreementandperformitsobligationshereunder.(c)NoLiensorEncumbrances.ExceptasdisclosedinScheduleBandsubjecttotheexceptionsherein,theassetsoftheTargetCompanyarefreeandclearofallliens,encumbrances,charges,orsecurityinterests.(d)NoLitigationorDisputes.TherearenoMateriallitigation,claims,actions,orproceedingspendingagainsttheTargetCompany,itsassets,ortheBusiness,exceptasdisclosedinScheduleB.(e)Compliance.TheTargetCompanyandtheBusinessareinfullcompliancewithallapplicablelaws,regulations,andordersofTargetCountryJurisdictionandotherjurisdictionsinwhichtheBusinessoperates.(f)PermitsandLicenses.AllPermitsandLicensesnecessaryfortheBusinessarevalid,effective,andingoodstanding,andnoaction,suit,orproceedinghasbeeninstitutedorthreatenedwhich,ifsuccessful,wouldimpair,cancel,ormateriallylimittherightoftheTargetCompanytocontinuetheBusinessorholdthePermitsandLicenses.(g)FinancialInformation.ThefinancialstatementsandrecordsprovidedtoBuyerforDueDiligencepurposesaretrue,complete,andaccurate.(h)Indebtedness.AllIndebtednessoftheTargetCompanyisproperlydisclosedandauthorized,andtherearenoMaterialunrecordedIndebtedness.(i)IntellectualProperty.SellerownsorhastherighttouseallintellectualpropertynecessaryfortheBusiness,freeandclearofanyclaimsorencumbrances.(j)Employees.Allemploymentagreementsandobligationswithemployeesarevalidandenforceable,andtherearenoMaterialpendingorthreatenedlabordisputesorclaims.(k)EnvironmentalMatters.TheBusinessanditsassetsarenotsubjecttoanyMaterialenvironmentalliabilities,claims,orregulatoryactions.(l)NoMaterialChange.NoMaterialchangehasbeenmadeintheBusinesssince[Date]withoutthepriorwrittenconsentofSeller.(m)NoBreach.TheTargetCompanyandtheBusinessarenotinbreachofanymaterialcontractoragreementtowhichtheyareaparty.6.2Buyer'sRepresentationsandWarranties.BuyerrepresentsandwarrantstoSeller,asoftheClosingDate,that:(a)LegalStatusandCapacity.Buyerhasthefullright,power,andauthoritytoenterintothisAgreementandperformitsobligationshereunder.(b)NoRepresentationsRelatingtoPost-ClosingValue.Buyermakesnorepresentationorwarrantyregardingthefutureperformance,profitability,orvalueoftheBusinessaftertheClosing.(c)Compliance.BuyershallcomplywithallapplicablelawsandregulationsinconnectionwiththeTransactionandtheoperationoftheBusinesspost-Closing.6.3DisclaimerofOtherRepresentationsandWarranties.ExceptasexpresslysetforthinClauses6and7,neitherPartyrepresentsorwarrantsastotheaccuracy,completeness,oradequacyofanyinformationprovidedbytheotherParty,andeachPartyreliessolelyonitsownDueDiligence.7.CONDITIONSPRECEDENT7.1TheclosingoftheTransactionshallbesubjecttothesatisfactionofthefollowingconditionsprecedent:(a)Buyer'sInternalApprovals.BuyerhasobtainedallnecessaryinternalapprovalsfortheTransaction.(b)Seller'sInternalApprovals.SellerhasobtainedallnecessaryinternalapprovalsfortheTransaction.(c)Buyer'sApprovals.BuyerhasobtainedallnecessarygovernmentalandregulatoryapprovalsfortheTransaction,including,withoutlimitation,[Specifyanyspecificapprovalsrequired].(d)Seller'sApprovals.SellerhasobtainedallnecessarygovernmentalandregulatoryapprovalsfortheTransaction,including,withoutlimitation,[Specifyanyspecificapprovalsrequired].(e)CompletionofDueDiligence.BuyerhascompleteditsDueDiligenceandissatisfiedthattherepresentationsandwarrantiesofSelleraretrueandaccuratetothebestofitsknowledge.(f)PaymentofDeposit.BuyerhaspaidtheDeposittoSeller.(g)CureofDeficiencies.AllRepresentationsandWarrantiesofSellerhavebeencuredorhavebecomenon-materialasoftheClosingDate.(h)ClosingAgreement.TheClosingAgreementhasbeenexecutedbybothParties.7.2Ifanyoftheconditionsprecedentcannotbesatisfiedwithin[Number]daysafterthedateuponwhichwrittennoticeoftheinabilitytosatisfysuchconditionisgiventothenon-breachingParty,thenon-breachingPartymay,atitsoption,either:(a)Extendthetimeforsatisfyingsuchconditionbyanadditional[Number]days;or(b)TerminatethisAgreementinaccordancewithClause13.7.3Seller'sCurePeriod.SubjecttotheprovisionsofClause9,Sellershallhave[Number]businessdaysfromthedateofwrittennoticefromBuyerrequiringcuretocureanyMaterialbreachofarepresentationorwarrantycontainedinClause6,providedthatthecureisreasonablypracticable.8.EXCLUSIVITYPERIOD8.1CommencementandDuration.ThisAgreementshallcommenceontheEffectiveDateandshallremainineffectforaninitialtermof[Number]days(the"ExclusivityPeriod"),unlessterminatedearlierinaccordancewiththisClause.8.2ObligationsofSeller.DuringtheExclusivityPeriod,Sellershallnotsolicit,enterinto,ornegotiateanytransactionoragreement,whetheroralorwritten,thatistheeconomicequivalentoftheTransactionorthatwouldcompetewiththeTransaction,withoutthepriorwrittenconsentofBuyer.8.3ObligationsofBuyer.DuringtheExclusivityPeriod,BuyershallusereasonableeffortstoconsummatetheTransaction,shallnotdiscloseanyinformationobtainedfromSellerwithoutitspriorwrittenconsent,andshallnotsolicitanyofSeller'semployees,officers,ordirectorsforaperiodof[Number]monthsfollowingtheendoftheExclusivityPeriod.8.4RightofFirstRefusal.[Ifapplicable,specifyanyrightoffirstrefusalprovisionsrelatedtotheTransaction].8.5Termination.TheExclusivityPeriodmaybeterminatedbyeitherPartyupon[Number]businessdays'writtennoticetotheotherParty.9.DUEDILIGENCE9.1Buyer'sRighttoDueDiligence.SubjecttothetermsofthisAgreementandSeller'scooperation,BuyershallhavetherighttoconductDueDiligencewithrespecttotheTargetCompany,theBusiness,itsassets,liabilities,records,contracts,employees,andoperationsduringtheAnte-ClosingPeriod.9.2Seller'sCooperation.Sellershall,atBuyer'sreasonablerequestandexpense,provideBuyerwithfullaccesstoitsrecords,facilities,personnel,andotherinformationreasonablynecessaryforDueDiligence.9.3ScopeofDueDiligence.DueDiligenceshallinclude,butnotbelimitedto,thereviewoffinancialstatements,taxreturns,legaldocuments,contracts,andotherrecords.9.4Confidentiality.BuyershallholdallinformationobtainedinconnectionwithDueDiligenceinstrictconfidenceandshallnotusesuchinformationforanypurposeotherthanevaluatingtheTransaction.9.5NoObligationtoPurchase.Buyer'sDueDiligencedoesnotobligateittoproceedwiththeTransaction.10.ANTICIPATIONOFEVENTS10.1Seller'sContinuedOperation.SubjecttothisAgreement,SellershallcontinuetooperatetheBusinessintheordinarycourseduringtheAnte-ClosingPeriod.10.2NoMaterialChange.ExceptasmaybenecessarytoeffecttheTransactionorasotherwiseagreedinwriting,Sellershallnot,duringtheAnte-ClosingPeriod,makeanyMaterialchangeintheBusiness,itsproperties,assets,employees,contracts,orbusinessrelationshipswithoutthepriorwrittenconsentofBuyer.10.3DividendsandDistributions.Sellershallnotpayormakeanydistributiontoitsshareholdersorowners,whetherincashorinkind,duringtheAnte-ClosingPeriodwithoutthepriorwrittenconsentofBuyer.10.4LeasingandSales.[SpecifyanyrestrictionsonleasingorsellingsignificantassetsduringtheAnte-ClosingPeriod].11.CLOSING11.1Procedures.TheClosingshalltakeplaceat[LocationofClosing]orsuchotherplaceasthePartiesmayagreeinwriting.AtoraroundtheClosing,thePartiesshallexecutetheClosingAgreement(ifany)andperformsuchotheractsanddeliverablesasarenecessarytoconsummatetheTransaction.11.2DeliveryofShares.SellershalldelivertheSharestoBuyerattheClosing.11.3TransferofAssetsandLiabilities.SellershalltransferallassetsandassumeallliabilitiesoftheBusinesstoBuyerasoftheClosingDate.11.4ExecutionofDocuments.BothPartiesshallexecutealldocumentsnecessarytoconsummatetheTransaction.12.POST-CLOSINGOBLIGATIONS12.1TransferofOwnership.OwnershipoftheSharesandallassetsoftheBusinessshallpasstoBuyerfreeandclearofallencumbrancesasoftheClosingDate.12.2AssumptionofLiabilities.BuyershallassumeallliabilitiesoftheBusinessasoftheClosingDate.12.3PermitsandLicenses.SellershallexecuteanyadditionaldocumentsnecessarytotransferthePermitsandLicensestoBuyer.12.4EmployeeMatters.Sellershalltransferallrights,obligations,andliabilitiesrelatedtoitsemployeestoBuyer,includingtheexecutionofnecessaryemploymentagreementsandreleases.12.5ContinuationofBusiness.BuyershallhavetherighttocontinuetheBusinessasitexistsattheClosingortodiscontinueormodifytheBusinessinitsreasonablediscretion.12.6Indemnification.TheIndemnificationprovisionsofClause15shallsurvivetheClosing.13.CONFIDENTIALITY13.1Obligation.EachPartyshallholdallnon-publicinformationdisclosedbytheotherParty(the"ConfidentialInformation")instrictconfidenceandshallnotusesuchConfidentialInformationforanypurposeotherthanevaluatingtheTransactionorperformingitsobligationsunderthisAgreement.13.2PermittedDisclosures.APartymaydiscloseConfidentialInformationtoitsadvisors(includinglegal,financial,andotherprofessionaladvisors)whoareboundbyconfidentialityobligationsatleastasstringentasthoseherein,providedthattheadvisorhasadvisedthePartythatsuchdisclosureisnecessaryforthePartytoperformitsobligationsunderthisAgreement.13.3Exceptions.ConfidentialInformationshallnotbeconsideredconfidentialifit:(a)isorbecomespubliclyknownwithoutbreachofthisAgreement;(b)isindependentlydevelopedbythereceivingPartywithoutaccesstothedisclosingParty'sConfidentialInformation;or(c)isrequiredtobedisclosedbylaworregulation.13.4Survival.TheobligationsofconfidentialityshallsurvivetheterminationorexpirationofthisAgreement.14.GOVERNINGLAWANDDISPUTERESOLUTION14.1GoverningLaw.ThisAgreementshallbegovernedbyandconstruedinaccordancewiththelawsof[GoverningLawJurisdiction],withoutregardtoitsconflictoflawprinciples.14.2DisputeResolution.Anydispute,controversy,orclaimarisingoutoforinconnectionwiththisAgreement,includingitsbreach,termination,orinvalidity,shallbefinallysettledby[arbitrationorlitigation]asfollows:(a)[IfArbitration]:Arbitrationunderthe[specifyrules,e.g.,ICCRulesofArbitration]administeredbythe[specifyinstitution,e.g.,ICCInternationalCourtofArbitration]at[specifylocation]in[specifylanguage].The仲裁panelshallconsistof[specifynumber,e.g.,three]arbitrators,[specifyselectionmethod,e.g.,oneappointedbyeachPartyandthethirdappointedbytheChairmanoftheinstitution].Thedecisionofthe仲裁panelshallbefinalandbindingonthePartiesandshallberenderedwithoutunduedelay.CostsshallbeawardedtotheprevailingParty.(b)[IfLitigation]:litigationinthecourtsof[GoverningLawJurisdiction]in[specifycity].14.3Choice.ThePartiesheretoirrevocablyagreethattheywillsettleanydisputearisingoutoforinconnectionwiththisAgreementexclusivelyby[arbitrationorlitigation]aschoseninClause14.2,andthattheyirrevocablywaiveanyrighttoresorttoanyotherproceedingswhatsoever.15.TAXATION15.1General.EachPartyshallberesponsibleforpayingalltaxes,duties,andleviesimposedbyanygovernmentalauthority,whetherexistingorfuture,withrespecttotheTransactionanditsperformancehereunder.15.2Seller'sTaxConsequences.SellershallberesponsibleforalltaxesandliabilitiesoftheTargetCompanyarisingoutoforinconnectionwiththeTransaction,including,withoutlimitation,anytaxesrelatedtothesaleoftheShares.15.3Buyer'sTaxConsequences.BuyershallberesponsibleforalltaxesandliabilitiesarisingoutoforinconnectionwiththeacquisitionandoperationoftheBusiness.15.4Indemnification.NeitherPartyshallberesponsibleforanytaxesorliabilitiesoftheotherPartyarisingoutoforinconnectionwiththeTransaction,exceptasexpresslyprovidedherein.15.5TaxAdjustments.[Ifapplicable,specifyanymechanismforaddressingpotentialpost-Closingtaxadjustments].16.NOTIFICATION16.1Allnotices,requests,demands,andothercommunicationsrequiredorpermittedhereundershallbeinwritingandshallbedeemedgiven:(a)Whendeliveredpersonally;(b)Onebusinessdayafterdepositwithanationallyrecognizedovernightcourierservice;or(c)ThreebusinessdaysafterdepositwiththeUnitedStatesPostalServiceoritsequivalentbycertifiedorregisteredmail,returnreceiptrequested,postageprepaid.16.2NoticesshallbeaddressedtothePartiesattheaddressessetforthbelow.Ifanyaddressischanged,thePartyshallgivepriorwrittennoticeofthechangetotheotherParty.17.INDEMNIFICATION17.1IndemnificationbySeller.SellershallindemnifyandholdharmlessBuyer,itsaffiliates,andtheirrespectiveadvisors(collectivelythe"Indemnitees")againstanylosses,damages,claims,costs,orexpenses(the"Losses")incurredbyIndemniteesarisingoutoforresultingfromanybreachofaMaterialrepresentationorwarrantymadebySellerinClause6,providedthatsuchLossesaredirectandnotconsequential.17.2IndemnificationbyBuyer.BuyershallindemnifyandholdharmlessSeller,itsaffiliates,andtheirrespectiveadvisors(collectivelythe"Indemnitees")againstanyLossesincurredbyIndemniteesarisingoutoforresultingfromanybreachofaMaterialrepresentationorwarrantymadebyBuyerinClause6,providedthatsuchLossesaredirectandnotconsequential.17.3IndemnificationProcedures.TheIndemnifyingPartyshall,upontheIndemnitee'swrittenrequest,promptlyinvestigatetheclaim,paytheLosses,defendanylegalactiononbehalfoftheIndemnitee,andincurreasonableattorneys'feesandcostsincurredbytheIndemniteeinconnectionwiththeclaim.17.4LimitationofIndemnification.ThetotalamountofIndemnificationpayablebyeachIndemnifyingPartyunderthisAgreementshallnotexceed[Amountorspecifythatthereisnocap].EachIndemnifyingParty'sobligationunderthisAgreementshallterminate[specifytimeperiod,e.g.,threeyears]aftertheClosingDateorupontheoccurrenceofaneventspecifiedinthisAgreement,whicheverislater.17.5Survival.TheIndemnificationobligationsofthePartiesshallsurvivetheterminationorexpirationofthisAgreement.18.MISCELLANEOUS18.1EntireAgreement.ThisAgreement,includingtheSchedules,Annexes,andExhibits,constitutestheentireagreementbetweenthePartieswithrespecttothesubjectmatterhereofandsupersedesallprioragreements,understandings,negotiations,anddiscussions,whetheroralorwritten.18.2Amendments.Noamendment,modification,orwaiverofanyprovisionofthisAgreementshallbeeffectiveunlessinwritingandsignedbybothParties.18.3Severability.IfanyprovisionofthisAgreementisheldtobeinvalid,illegal,orunenforceablebyacourtofcompetentjurisdiction,theremainingprovisionsshallremaininfullforceandeffect.18.4Assignment.NeitherPartymayassignanyrightsorobligationsunderthisAgreementwithoutthepriorwrittenconsentoftheotherParty.18.5Notices.AllnoticesrequiredorpermittedhereundershallbeinaccordancewithClause16.18.6GoverningLaw;DisputeResolution.TheprovisionsofClauses14and15shallsurvivetheterminationorexpirationofthisAgreement.18.7Counterparts.ThisAgreementma