An ever contentious element of any purchase agreement, we should anticipate that the recent global crisis will lead to tighter and more rigorous carve outs of identified risks and more specific representations including exclusions language for Covid 19 losses. Buyers will potentially be less likely (or able) to purchase representation and warranty insurance and instead, will seek to secure larger escrows from nervous sellers.
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Feel free to reach Allison Dent at info@adcorporatefinance.com