article thumbnail

What's Market: Use of Knowledge Qualifiers

JD Supra: Mergers

In merger and acquisition (M&A) transactions, the definitive purchase agreement typically contains representations and warranties made by the seller with respect to the target company. Originally Published in Bloomberg Law. By: Goulston & Storrs PC

article thumbnail

What's Market: 10b-5 Representations

JD Supra: Mergers

In M&A transactions, the definitive purchase agreement—e.g., The scope and detail of these representations and warranties are often heavily negotiated and tailored to reflect not only the nature of the target and its business, financial condition, and operations, but also the relative negotiating strength of the buyer.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Private Credit Deep Dives – Portability (Europe)

JD Supra: Mergers

One of the foundational provisions negotiated in almost every European leveraged loan agreement is the “Change of Control” definition and associated clauses. This provision is crucial because it directly impacts the risk profile of the loan from the lender’s perspective. By: Proskauer Rose LLP

article thumbnail

What's Market: After Tax Indemnity Limitations

JD Supra: Mergers

In merger and acquisition (“M&A”) transactions, the definitive purchase agreement, whether asset purchase agreement, stock purchase agreement, or merger agreement, typically contains representations, warranties, and covenants, along with related indemnification obligations.

article thumbnail

What's Market: Exclusion of Consequential Damages

JD Supra: Mergers

In M&A transactions, the definitive purchase agreement, whether asset purchase agreement, stock purchase agreement, or merger agreement, typically contains representations and warranties and related indemnification covenants.

article thumbnail

What is a Term Sheet? Term Sheet Template and Negotiation for SaaS Businesses

Software Equity Group

A term sheet is often used in the early stages of negotiating a venture capital investment or M&A transaction. It can serve as an initial expression of interest or a more definitive declaration of intent, but either way, it lays a foundation for the potential deal. What is a Term Sheet? What Does a Term Sheet Look Like?

article thumbnail

Material Adverse Effect Clauses

The M&A Lawyer

In this post on The M&A Lawyer Blog, I will: introduce the concept of Material Adverse Effect and explain its principal functions, present pro-buyer and pro-seller versions of MAE definitions and explain how, and why, they differ, including with respect to forward-looking language and common qualifications, and.

M&A 130