The first 100 days refers to the the 100 calendar days following the closing date. They are the most important days post-close because the acquired company is more disposed to handle change. This propensity is simply due to the expectation of change by most employees, and consequently delivers the most energy from those same employees for a buyer...
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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