The Importance of Due Diligence in the Share Purchase Process

There are two ways that you are protected. You have warranties, which your promise is given by the seller about the business. And in densities and in densities are designed to cover particular specific issues. If a warranty is found to be untrue, that places the seller in breach of contract. The buyer then has to bring out an action for breach of contract - damages. But with warranty claims, it's not enough to show that there has been a breach and that there might have been financial loss suffered. So we don't have to prove that the shares have been devalued, for example. All we have to show is that we've suffered a particular financial loss.