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Buyer Didn’t Waive Seller Breach by Amending Asset Purchase Agreement

Introduction An acquisition of a company is sometimes done in one step: the buyer and seller sign a purchase agreement and immediately close the transaction on the same day.  This is called a simultaneous closing. Alternatively, the buyer and seller

Posted in asset purchase agreement, boilerplate provisions, breach of representations and warranties, breach of seller's covenants, deferred closing, representations and warranties, seller's covenants, waiver provision Tagged with: , , ,

Business seller fights all the way to Texas Supreme Court to challenge validity of purchase agreement

Seller owns Target, a wholesale distributer of candy and tobacco products. Target had contracts to buy tobacco products directly from Supplier 1 and Supplier 2, which will be referred to collectively as Suppliers. In April 2012, Seller approached Buyer, the

Posted in deferred closing, post signing asset valuation

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