Substantive clauses in an acquisition agreement
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What are the main substantive clauses in an acquisition agreement?
An acquisition agreement is a critical contract when a company decides to purchase another. Each M&A transaction will have unique terms and can vary widely from one another.
The main substantive clauses in an acquisition agreement are:
Identification of the parties.
Form and time of payment of purchase price.
Time and place of completion.
Deliveries by seller and buyer.
Confidentiality and announcements.
Causes and effect of termination.
Representations and warranties of the parties.
Covenants of the parties.
Conditions to completion.
Responsibility for expenses and fees.
Effects of variation and waivers.
Date and place of execution.
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- An extract of the Private Mergers & Acquisitions Guide, originally published by Thomson Reuters