M&A Foundations · glossary
The warranties at the root of the deal: the seller owns the shares, has power to sell them, and the company properly exists. If they are false, the buyer did not get what it paid for. So they run longer and carry much higher caps than the business warranties. SPA definition · Chapter 11
Explained in Chapter 11, Warranties and Disclosure, of M&A Foundations.
The main page for this term is Fundamental warranties, in Legal Due Diligence.
Every chapter of M&A Foundations is free to read, including the full training share purchase agreement.
the Warranties set out in paragraphs 1 and 2 of Schedule 3;Read the definition in the document →
Related terms
Where this term lives
This term 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 →