Ep 08: John Andrews - Insights from an experienced M&A solicitor
Buy and Build
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How to Disclose a Share Asset Sound Agreement
In the ideal world, as a buyer, you would adopt the US process. But if you're acting for a UK seller, you're essentially going to say that competition is not acceptable. So unless the seller qualifies those warranties, if they are found to be untrue, then there is a potential liability. You as the buyer then look at that, and you then have knowledge of that,. And you have to save a decision as to whether you're still happy to proceed.
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