Clearly outline the responsibilities of each party concerning taxes, fees, and expenses related to the agreed-upon transaction. This section may include information about taxes such as sales tax or value-added tax (VAT), registration and renewal fees for any necessary business licenses, and legal or accounting fees from executing the agreement.
1. The Buyer shall reimburse the Seller for any expenses incurred by it in connection with this Agreement, including, without limitation, legal fees, and disbursements, accounting fees, and expenses, costs of any opinions requested by the Buyer in connection with this Agreement and other similar out-of-pocket expenses incurred by the Seller in the preparation, negotiation, delivery, and execution, of this Agreement.
2. The Buyer shall be solely responsible for paying all taxes on or arising out of any transaction contemplated hereby that are not otherwise required to be paid by the Buyer.
3. The Seller agrees to do all and any acts, deeds, matters, and things that may be reasonably necessary or advisable to effectuate the transactions contemplated hereby.