Venture Deals · glossary

Basket and de minimis

Two thresholds for warranty claims. A claim of €10,000 or less is ignored, and nothing is paid until the other claims pass the €75,000 basket. Then the whole amount is payable, so three claims of €30,000 each would recover €90,000. Clause 9.3 · Chapter 10

Explained in Chapter 10, Warranties, Disclosure and Completion, of Venture Deals.

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