Legal Due Diligence · glossary
Repeating a warranty at completion, so that the seller stands behind it again on the day the money moves. The Sunrise report asked for the no-termination warranty to be repeated, but the signed SPA repeats only the title and capacity warranties. Chapter 12
Explained in Chapter 12, Findings, Reports and the Deal, of Legal Due Diligence.
Some recommendations do not survive the negotiation, and you need to know which. On Sunrise one did not: the bring-down, which means repeating a warranty at completion so the seller stands behind it again on the day the money moves.Read Chapter 12, Findings, Reports and the Deal →
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