M&A Foundations · glossary
SPA provisions deciding who steers the defence of a third-party claim that could become a warranty or indemnity claim. The buyer's company faces the claimant, but the seller ultimately pays — so each side wants a hand on the wheel. Chapter 12 · Clause 9.7
Explained in Chapter 12, Indemnities and the Tax Covenant, of M&A Foundations.
The main page for this term is Conduct of claims, in Legal Due Diligence.
Every chapter of M&A Foundations is free to read, including the full training share purchase agreement.
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