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DELAWARE FORUM SELECTION CLAUSE BINDS SELLER SUBSIDIARY IN ACQUISITION DISPUTE

Delaware Court of Chancery holds that the seller subsidiary, a party to a take-or-pay supply agreement with the target, is subject to the stock purchase agreement Delaware forum selection clause, even though it was not a party to the SPA.

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FORUM SELECTION CLAUSE IN M&A DEAL IMPACTS NONSIGNATORY RELATED COMPANY

Learn how a forum selection clause in an M&A deal affected a California supplier not directly involved in the acquisition agreement, leading to litigation in California. Read about the court’s ruling and its implications. M&A Stories June 10, 2021 Introduction:

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Maryland court enforces boilerplate forum selection clause in confidentiality and noncompetition agreement against spouse and related companies of signatory

Buyer is a group of related Maryland companies founded in 1976 and has its world headquarters in Taneytown, Maryland (an hour NW drive from Baltimore). Buyer provides service and makes products in the commercial HVAC, industrial process, power, and industrial

Posted in covenant not to compete, enforce against nonparty, forum selection clause, nondisclosure agreement

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