Disclosure When Buying a Business

Disclosure is the most important aspect for a seller because if something is fairly disclosed a seller cannot be sued for breach of warranty. We therefore look very closely at warranties on your behalf to make sure they are as narrow as possible.

In any share purchase agreement there are limitations on what the seller is liable for. These are negotiable. From your perspective you would want the seller on the hook for as long as possible and for 100% of the price paid. You would also want low hurdles to get over to bring a claim. A seller would of course want the opposite and there is always much debate on these issues.
 

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