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Business Acquisition - Warranties

Buyer

Warranties given by a Seller in relation to a business acquisition. This can be inserted as a Schedule to the Business Acquisition Agreement. This Warranties are drafted in favour of the Buyer.

There are fully and accurately set out in the Disclosure Letter all facts and matters which are necessary to qualify the statements set out in this Schedule in order that such statements, as so qualified, are true, accurate and not misleading.

All information set out in the Disclosure Letter is true, accurate and not misleading.

Save for the facts and matters set out in the Disclosure Letter and for facts and matters likely to affect to a similar extent generally all companies carrying on similar businesses in [COUNTRY], there are no other facts or matters which might reasonably be expected to have a material adverse effect on the financial or trading position or prospects of the Business or on the willingness of the Buyer to acquire the Business on the terms, including consideration, set out in this Agreement.

How to use this Document?

 

This document should be carefully read by the Individual Buyer and Seller.

The warranties can be inserted as a Schedule to the Business Acquisition Agreement.

The Total Price to be paid, the Currency used, the Deadline for condition fulfilment and Conditions in consent should all be clearly stated in the sales agreement.

If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.

 

How to Tailor the Document for Your Need?

 

1. Create Document: Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

 
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S&P
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