Jurisdiction(s):
United Kingdom

Key definition

Completion definition

What does Completion mean? In legal practice, Completion is the point at which a transaction is finally effected, sometimes called 'closing' in cross‑border deals: consideration is paid and title, assets or rights are transferred after all conditions precedent are satisfied or waived and the required completion documents are delivered. Not generally defined by legislation, it is a contractual expression used across conveyancing, corporate/M&A and finance, informed by common law. Key features include a completion date/time; completion mechanics (agenda or checklist); execution and delivery of transfers and ancillary documents; release of funds (often against undertakings); and, where relevant, escrow or virtual completion. Completion usually fixes when...

Practical Guide to Asset Purchase Completion and Post-Completion: Meetings, Split Exchange, Consideration Adjustments, Earn-outs, Non-cash Consideration, Warranties and Indemnities

Published by a LexisNexis Corporate expert

Practice notes

Practice Note

This Practice Note sets out the legal and practical considerations for bringing a business acquisition to a successful completion. On completion, ownership of the relevant assets will move from the seller to the buyer. Depending on the transaction’s complexity, delivering every aspect of the deal after completion may take time and give rise to complications and disputes between the parties; some can be anticipated and catered for, while others cannot. Guidance on many of the matters outlined below appears in other Practice Notes and the drafting notes to Precedent: asset purchase agreement—pro-buyer—corporate seller—conditional—long form. The purpose of this note is therefore to summarise the issues (including cross-references, where relevant, to such guidance) and to provide a checklist of legal and practical points to address during the negotiation and drafting of the asset purchase agreement (APA) and at each subsequent stage thereafter. This Practice Note contemplates a standard yet comprehensive transaction with split exchange and completion (for further information see Practice Note: Issues arising where there is split exchange and completion—share and asset purchases)...

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Web page updated on 21/05/2026

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