Glossary
Warranties in the Purchase Agreement
Assurances by the seller about the state of the company, for example regarding accounts, contracts, taxes or legal disputes. If they turn out to be incorrect, the buyer has contractually agreed claims.
Related termBusiness Purchase AgreementThe contract that governs the takeover: what is being sold, the price and payment terms, warranties, the closing date and transition rules.Next Read moreTake over or start a company: What's a better fit for you.Next
FAQ
Frequently asked questions
What are warranties in a purchase agreement?
Assurances by the seller about the state of the company, for example regarding accounts, contracts, taxes or legal disputes.
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