COVID Warranties for a Share Sale & Purchase Agreement
These template warranties relate to a share sale and have been drafted specifically to consider the COVID-19 pandemic and the associated legal and business risks involved in a share sale taking place during this time.
This template is based on the standard warranties found in any of the Share Sale and Purchase Agreements (SPAs) and includes additional warranties to cover the business fallout and uncertainty created by the pandemic. The extent to which a company being sold may be affected will vary from business to business, but most buyers will want increased warranty protection considering the important changes COVID-19 has introduced to employment law and health and safety regulation, as well as the potential impact on the company’s financing, customers and supply chain, legal and regulatory compliance and business continuity.
The COVID warranties included in this template are only a starting point and customers may need to add to them depending on the business concerned.
These warranties should be dropped into and replace the standard warranties in the SPAs if COVID related warranties need to be included.
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