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.
Related terms
Where this term lives
Every chapter of M&A Foundations is free to read, including the full training share purchase agreement. It is part of one complete fictional deal, with every document attached and a test after every chapter. Open M&A Foundations → · All terms A–Z →