Privately held businesses are rarely bought or sold “as is.” Buyers of most businesses usually expect the sellers to make a comprehensive set of “representations” or “reps.” In other words, statements about the business that...more
2/4/2025
/ Acquisition Agreements ,
Acquisitions ,
Buyers ,
Contract Terms ,
Disclosure ,
Disclosure Requirements ,
Due Diligence ,
Escrow Accounts ,
Holdbacks ,
Indemnification ,
Mergers ,
Private Equity ,
Privately Held Corporations ,
Representations and Warranties ,
Risk Management ,
Sellers ,
Shareholders
Many successful legal agreements begin with the term sheet; a document listing the key points of the business deal that has been struck between the parties. A deal point can be as simple as the purchase price, although with...more