Wednesday, February 11, 2004

TIP FOR THE DAY When drafting or commenting on a Purchase Agreement, remember whether you are dealing with a purchase of stock or assets, and if assets, remember what assets you are purchasing. If an asset purchase where you aren't getting the accounts receivable, there's no need for a covenant preventing the seller from writing down or writing off those receivables. Why would the buyer care?

1 Comments:

At 10:48 PM, Anonymous life insurance companies said...

I think that this is a great tip, I think that people should know about this.

 

Post a Comment

<< Home