Warranty claims and disputes arising out of company asset or share sales
We have significant experience of acting for Buyers and Sellers of companies or companies' assets in bringing or defending Warranty and Indemnity claims arising out of share or asset sales.
This experience includes pursuing or defending Court proceedings, although, to minimize legal costs, we will explore the possibilities of resolving any dispute without the need for, and cost of, Court proceedings. In that regard we have significant experience of Alternative Dispute Resolution, including mediation.
Our experience includes acting both for large companies (including multinational companies) who have entered into multi-million pound Share Purchase Agreements, and acting for individuals who have sold companies and then been faced with Warranty claims and arguments by the Purchaser that they are not obliged to pay deferred consideration.
We, needless to say, understand the need for a pragmatic approach, whilst fighting our clients' corner, and understand the fact that, whilst litigation over Warranty claims or indemnity claims may be necessary, clients will in general wish to get on with running their business or getting on with other matters following the sale of a business, rather than devoting significant time to litigation.
Whilst Warranty and indemnity claims can by their nature be complex, time-consuming and expensive, we are happy to have an initial discussion about potential Warranty and Indemnity claims either without charge or, if the claims are complex, on the basis of a pre-agreed fixed fee for initial advice.