The issue considered was whether a buyer’s warranty claim under a share purchase agreement was barred by a contractual limitation of liability that required the buyer to serve notice of the claim, specifying in reasonable detail: (i) the nature of the claim; and (ii) the amount claimed, within 20 business Read more…
The High Court has considered whether indemnity claims were subject to an implied term of being “accurately calculated and based on factual substance”. Under the terms of a share purchase agreement, the buyer paid a proportion of the purchase price into a retention fund (held by its solicitors, on its Read more…
The Court of Appeal has held that clauses in a share purchase agreement providing that, in the event of a breach of the seller’s restrictive covenants, the buyer’s obligation to pay deferred consideration would cease and the buyer would be entitled to acquire the remainder of the seller’s shares at Read more…