Legal Due Diligence · glossary
Contracts between the target and the seller's group. They change at completion, when the seller's group becomes a stranger. On Sunrise, Meridian's shared services ended at completion, so the report recommended a transitional services agreement or a migration plan. Report §11.3 · Chapter 11
Explained in Chapter 11, Litigation, Tax and the Rest, of Legal Due Diligence.
Related-party arrangements are contracts between the target and the seller's group. Completion changes them, because on that day the seller's group becomes a stranger. Each service it provides either becomes a contract between unrelated companies or stops.Read Chapter 11, Litigation, Tax and the Rest →
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