A covenant is a binding agreement or written contract in which damages are liable to be paid if broken. A covenant is a solemn promise to perform or refrain from performing a specific action. This type of contract is enforceable, even in the absence of consideration.
Earnouts are difficult legal clauses to manage and can often lead to misunderstanding and difficulty realizing them. Here is a practical example of some of the pitfalls that sellers should watch for.
Purchase and Sale Agreement
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Peter's practice focuses on mergers and acquisitions (M&A), banking, general business, and business succession law. Peter works to partner with his clients and commits to understanding their legal needs and providing great client service. Full Bio
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