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Glossary entry

German term or phrase:

das Closing

English translation:

closing

Added to glossary by transatgees
May 8, 2015 09:28
9 yrs ago
7 viewers *
German term

das Closing

Non-PRO German to English Law/Patents Law: Contract(s)
In a lawyer's letter threatening withdrawal from a contract:

"Wir nehmen Bezug auf den zwischen uns und Ihrem Mandanten XXXX abgeschlossenen Kaufvertrag vom date bzw. des Closing vom a later date.

Thank you for your help
Proposed translations (English)
3 +2 completion of the (related) deal/transaction
3 +6 closing
Change log

May 8, 2015 16:10: philgoddard changed "Level" from "PRO" to "Non-PRO"

Votes to reclassify question as PRO/non-PRO:

PRO (3): Steffen Walter, Ramey Rieger (X), EK Yokohama

Non-PRO (3): TechLawDC, Edith Kelly, philgoddard

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Discussion

Steffen Walter May 8, 2015:
Thank you ... ... which means that this is not about a land/property deal, as suspected by Margaret in her comment on my answer.
Andrea Muller (X) May 8, 2015:
If it involves the sale of a company or assets of a company, I agree with Edgar and would stay with closing (which takes places at a later date than signing and can be subject to certain conditions being met. See for example Article V of this http://contracts.onecle.com/tanox/sunol.apa.2005.03.25.shtml... I usually have the reverse problem, i.e. is there a German word for closing.
transatgees (asker) May 8, 2015:
Answer to Steffen It is not clear in the letter whether licences are being purchased from a company or whether the company which is the licence holder is being purchased.
Steffen Walter May 8, 2015:
Contract purpose/object What does the contract pertain to exactly? What has been 'purchased' here?

Proposed translations

+2
27 mins
Selected

completion of the (related) deal/transaction

The only approach that appears to be plausible is to distinguish between (a) the date on which the contract was entered into/signed and (b) the date on which the related deal/transaction was completed (financially, I suppose) to render the contract effective.
Peer comment(s):
agree Margaret Marks : Yes - where is this? Sounds like a UK sale of land - you could even say closing in AmE then (but why 'des'?)
10 mins
"Das Closing" is strange German indeed, but there you go ...
agree philgoddard : Closing is fine too.
6 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you"
+6
43 mins

closing

Whilst completion is correct, why not make your life simple and use the same term of art? The idea is that you agree and sign a contract subject to some formalities taking place. As soon as they have, the deal closes and becomes effective.
Example sentence:

period between signing and closing

Reference:

http://www.lexology.com/library/detail.aspx?g=3979d7ba-c3d6-4817-93d8-2231692cf091

Peer comment(s):
agree Steffen Walter : Yes, you are right.
51 mins
Danke!
agree TechLawDC : Obviously. Think of a real estate closing.
2 hrs
Thanks!
agree Edith Kelly
4 hrs
agree Ramey Rieger (X)
7 hrs
agree EK Yokohama
2 days 20 hrs
agree Eleanore Strauss : closing is the term of use, particularly in real estate transactions
3 days 3 hrs
Something went wrong...
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