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Very Risky for Seller to Give Buyer Keys to Business Before Closing

Seller signs binding LOI and then allows buyer to run the business without signing APA. Deal never closes. M&A Stories September 22, 2021 Introduction Most letters of intent are nonbinding. That is because a binding acquisition agreement is only agreed

Posted in pre-closing operating arrangement, unjust enrichment Tagged with: ,

Buyer Sues Sellers for Unjust Enrichment Based Upon Target CEO Fraud

Introduction The seller of a business often gets the buyer to agree to limit the amount of buyer claims against the seller for breaches of the contract; whether it is an asset purchase, stock purchase, or merger agreement. And the

Posted in fraud, rescission, unjust enrichment Tagged with: , , , ,

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