The purpose of reps and warranties is to provide the buyer with assurance that the target company is in good condition and that the buyer is not acquiring any undisclosed liabilities or issues that may negatively impact the company's value. If any of the representations and warranties turn out to be false, the buyer may be entitled to seek damages from the seller.
Read MoreStruggling to sell your business? Discover why some businesses don't find the right buyer and learn effective strategies to overcome these challenges. From addressing high customer concentration to improving outdated financials, our latest guide offers practical solutions tailored to enhance your business's marketability. Get expert advice from Jim Peddle, seasoned business broker, on navigating the complexities of the sales process and positioning your business for success.
Read More