Earn-out: conduct of business (seller protection): share purchase agreement | Practical Law

Earn-out: conduct of business (seller protection): share purchase agreement | Practical Law

Seller protection provisions for use in a share purchase agreement (SPA) involving an earn-out. These clauses regulate the conduct of the target company's business during the earn-out period and give the seller veto rights over certain post-completion actions that could have a detrimental effect on the earn-out.

Earn-out: conduct of business (seller protection): share purchase agreement

Practical Law UK Standard Clause 2-543-1965 (Approx. 11 pages)

Earn-out: conduct of business (seller protection): share purchase agreement

MaintainedUnited Kingdom
Seller protection provisions for use in a share purchase agreement (SPA) involving an earn-out. These clauses regulate the conduct of the target company's business during the earn-out period and give the seller veto rights over certain post-completion actions that could have a detrimental effect on the earn-out.