- Intermediate *6 hours CPD
The buyer of any business is taking a risk. What unknown problems and liabilities lurk ahead? What can targeted due diligence, carefully drafted warranties and specific indemnities do to minimise the risk? How does the seller avoid the "caveat vendor" trap by negotiated contractual terms, vendor protection and full, fair and accurate disclosure?
This course will examine the key issues from both parties' points of view, considering:
- Aims and objectives
- The practice for buyer and seller
- From whom?
- Drafting the warranties
- Individual liabilities
- Legal effect
- The tax deed
- Specific indemnities in practice
- Limitations
- Conduct of claims
- General protection
- Before Infiniteland
- After Infiniteland
- The prior knowledge debate