termination fee. A fee paid if a party voluntarily backs out of a deal to sell or purchase a business or a business’s assets. ? Termination fees are usu. negotiated and agreed on as part of corporate merger or acquisition negotiations. The fee is designed to protect the prospective buyer and to deter the target corporation from entertaining bids from other parties. ¡ª Also termed break-up fee.
What is the legal equivalent of the term TERMINATION FEE in Chinese?
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