Venture Deals · glossary
On a sale, value passing from the company to its seller before completion, such as a dividend or a management charge. The sale agreement forbids it, except for named Permitted Leakage. The Uplift is not Leakage, because no group company pays it. Chapter 15
Explained in Chapter 15, The Exchange, the Reorganisation and the Handover, of Venture Deals.
Leakage is the sale agreement's word for value that passes from the company to its seller before completion. Examples are a dividend or a management charge. The agreement forbids it, and it lists the exceptions the buyer accepts as Permitted Leakage.Read Chapter 15, The Exchange, the Reorganisation and the Handover →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Venture Deals and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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 Venture Deals → · All terms A–Z →