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The change of control clause in a contract outlines the implications when a party undergoes a change in ownership or management. It is crucial during significant transactions such as sales, mergers, or acquisitions. While this clause might often seem overlooked, those experienced with contracts pay close attention to its drafting, recognizing the importance of facilitating smooth transitions during ownership changes. Therefore, careful consideration of change of control clauses is essential, particularly in scenarios involving company sales or acquisitions.
