Material adverse change clause: asset purchase agreement | Practical Law

Material adverse change clause: asset purchase agreement | Practical Law

A material adverse change clause (also known as a MAC or material adverse event (MAE) provision) for use in an asset purchase agreement (APA). It gives the buyer the right to terminate the APA prior to completion if the target business is materially and adversely affected by certain events occurring between exchange of the APA and the intended completion date.

Material adverse change clause: asset purchase agreement

Practical Law UK Standard Document 9-200-0683 (Approx. 8 pages)

Material adverse change clause: asset purchase agreement

by Practical Law Corporate
Maintained • , England, Wales
A material adverse change clause (also known as a MAC or material adverse event (MAE) provision) for use in an asset purchase agreement (APA). It gives the buyer the right to terminate the APA prior to completion if the target business is materially and adversely affected by certain events occurring between exchange of the APA and the intended completion date.