Succession planning is a critical aspect of managing small, closely held businesses, as the unexpected departure of a key leader can significantly disrupt operations and challenge the business's legal...
Entering into a letter of intent for an office lease agreement? Consult our playbook for valuable key provisions, alternative language provisions, and guidance for both landlords and tenants. Download...
In the complex world of M&A transactions, transition services agreements (TSAs) serve as critical bridges between deal closing and operational independence thus creating stability during organizational...
This practice note covers key legal and regulatory issues to evaluate, questions to ask, and documents to review in medical device or diagnostic technology deals, including M&A, investments, financings...
With the ebbs and flows of an uncertain financial market, deal certainty is increasingly important for buyers and sellers alike. When a buyer’s ability to close an M&A transaction is dependent upon third-party financing arrangements, sellers may want to include a reverse termination fee in the event the deal fails to close because of a financing failure. Adding an unconditional or conditional specific performance provision to the acquisition agreement also gives sellers the right to pursue equitable remedies instead of relying on reverse break fees and damages as the sole remedy. Explore how a reverse termination fee and conditional specific performance clause safeguards deals and ensures performance even when the financial tides turn.
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