Business Sale

The sale & purchase of businesses can be a very risky space. In this article we examine a recent case relating to a sale and purchase transaction, where a breach of warranty lead to an award of damages to the buyer of more than 3 times the selling price! If you are engaged in or […]

A vendor due diligence report is a report compiled by a seller for the purposes of a potential sale, which is prepared on the basis that it can be relied on by the ultimate purchaser of the business. It is increasingly common practice for sellers to consider providing a vendor due diligence report as part […]

Most purchasers will conduct due diligence before they acquire a business. Although the temptation to find out anything and everything about the target business is great, that will come at a financial and non-financial cost. The risk of having too much information is that a purchaser may be on notice in relation to anything that […]

Earn-out arrangements often feature heavily in the sales and acquisition space. Sometimes this might be because a buyer is a multinational corporation acquiring a local business, who is dependent on the existing management to continue to operate the business. But often times it might simply be an approach being used by a buyer to share […]