Posted In: Business Transactions & Corporate Counseling
Business Blog: Representation and Warranty Insurance in Corporate Transactions
on August 19, 2019
Often conflicts that arise from a transaction are commonly due to a seller's breach, or alleged breach, of a representation or warranty contained in the purchase agreement. Typically, a seller will indemnify a buyer for any breach of the representations and warranties made by the seller. Depending on the transaction, the seller may be required to place a certain amount of the purchase price into escrow for a period of time to cover any of its indemnification obligations. However...