A forum section clause in a share purchase agreement might have deterred Florida sellers of stock in a Tennessee company from suing a California-based buyer that is a Delaware corporation in a Florida court. July 27, 2023 Introduction: In the…
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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.…
Posted in enforce against nonparty, forum selection clause Tagged with: Acquisition dispute. Seller subsidiary, Delaware Court of Chancery, Delaware court ruling, Delaware jurisdiction, Florida Chemical Company v. Flotek Industries, Forum selection clause, M&A legal blog, stock purchase agreement, Take-or-pay supply agreement
Forum Selection Clause in Buyer’s Note for Company Acquisition
Explore the importance of forum selection clauses in M&A deals. Learn from the case of Robson v. Duckpond LTD. where a forum selection clause determined the location for resolving disputes over a buyer’s promissory note in a company acquisition. October…
Maryland Court Upholds Forum Selection Clause in M&A Dispute
Explore the Peterson v. Evapco, Inc. case where a Maryland court enforced a forum selection clause in an M&A legal battle. Understand the implications of forum selection clauses in confidentiality agreements and their impact on non-signatories involved in business transactions.…
Posted in covenant not to compete, enforce against nonparty, forum selection clause, nondisclosure agreement Tagged with: appellate court, Business Transactions, buyer-seller relationship, case reference, commercial HVAC industrial process power industrial refrigeration markets, competition prohibition, confidentiality agreement, contractual arrangements, Court decisions, dispute resolution, Forum selection clause, John McCauley, Legal action, legal development, legal implications, M&A agreements, M&A legal battle, Maryland court, Maryland law, Maryland state court, noncompetition agreement, Personal Jurisdiction, Peterson v. Evapco Inc.
The Vital Role of Boilerplate Provisions in Business Purchase Agreements: Understanding the Forum Selection Clause
Dive into the world of mergers and acquisitions with our latest blog post exploring the critical role of boilerplate provisions, focusing on the forum selection clause. Learn from a real-life case involving Smith & Wesson and Gemini Technologies, where disputes…
Posted in boilerplate provisions, forum selection clause Tagged with: asset purchase agreement, Boilerplate Provisions, Business purchase agreements, Case Study, Contractual obligations, D. Idaho, dispute resolution, Earn-out agreement, Forum selection clause, Gemini Technologies, Legal battles, Legal uncertainties, Litigation strategy, M&A legal, Mergers and Acquisitions, Post-closure disputes, Smith & Wesson, United States District Court
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