M&A Foundations · glossary
A limitation on warranty claims: the seller pays nothing until all valid claims together exceed an agreed threshold. In a tipping basket, crossing the threshold makes the seller liable for the whole amount from the first euro; in an excess-only (deductible) basket, only for the amount above it. Sunrise has a €420,000 tipping basket. Clause 9.3 · Chapter 11
Explained in Chapter 11, Warranties and Disclosure, of M&A Foundations.
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