Share purchase agreements and limitations of liability

Share purchase agreements (SPA) govern the transfer of shares between parties. They typically include provisions addressing warranties made by the seller regarding the target company. However, these warranties come with certain limitations of liability. There are a variety of different limitations that can be applied on warranty claims in SPAs and accordingly, they have different implications for both buyers and sellers. Understanding Warranties in SPAs Warranties are statements of fact made by the seller to provide assurance to the buyer regarding the accuracy and completeness o...