Overview In this post, we return to key components of purchase agreements, this time focusing on closing conditions and covenants. Closing conditions set out the contingencies for whe …
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Overview Indemnification rights give the purchase agreement’s representations and covenants teeth, imposing liability on the seller (or sellers) for the buyer’s losses due to the reps not being true or the covenants not being fulfilled. Usually, these …
The Heart of the Deal The definitive acquisition agreement – whether a stock purchase agreement, an asset purchase agreement, or a merger agreement – is where the transaction terms from the LOI are implemented in a negotiated, binding manner. In large …
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