M&A Foundations · glossary
A sum one party agrees to pay the other if the deal fails in specified ways — for example, the seller abandoning the sale to take a rival offer. Used only occasionally in private English deals, and generally not permitted in UK public takeovers. Chapter 5
Explained in Chapter 5, Preparing for a Deal, of M&A Foundations.
Every chapter of M&A Foundations is free to read, including the full training share purchase agreement.
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Where this term lives
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