The Process of Drafting a Purchase Agreement

Heads of terms have been pulled from point of view of agreeing key points of principle, such as personal guarantees and adventures. If a PG is an absolute no-no for you as a buyer, then you don't want to spend money with us drafting documentation. The thing that caught me by surprise being new to this process was actually the security against the deferred component. So I think we're aligned there. There's not a great deal of difference between taking the charge over the share or having your debenture registered at company house. But what you will find in the small print of banks is that they'll take effectively increase the charge over shares. That one difference won't be legally enforceable