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Acquisition Agreement Representations and Warranties of Tax Reserves
Pocket MBA Summer 2014: Finance for Lawyers and Other Professionals ( Edition)
Book Publication Date:
In acquisition agreements, tax matters are often dealt with in an appendix to the agreement or even a separate agreement to provide clarity.
The agreement will include representations and warranties regarding tax issues.
This sample clause states that target's tax liabilities do not exceed reserves.
PLI Item #:
Accounting, Corporate & Securities, Tax
"representations and warranties"
"closing balance sheet"
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