Legal Due Diligence · glossary
A floor in the SPA: a single warranty claim below it cannot be brought at all. Together with the basket and the overall cap, it limits what a buyer can recover under the warranties. That is one reason a known problem needs a specific indemnity instead. Chapter 8
Explained in Chapter 8, Regulatory, Compliance and AML, of Legal Due Diligence.
The main page for this term is De minimis, in M&A Foundations.
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