Share Sale - COVID Warranties
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
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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