Leveling The Purchase Price Adjustment Playing Field

Law360 (April 12, 2018, 1:09 PM EDT) -- It's late on a Friday and our client calls. She sold her business a few months ago and the buyer never submitted its position on the company's closing working capital. Now, a month after it was due, the buyer is seeking a six-figure purchase price adjustment. My client has two questions: Hasn't the buyer breached the contract and does that mean that the buyer waived the right to contest the seller's working capital estimate? 

In this article we seek to answer these questions and to propose changes that sell-side lawyers should consider to head off this issue and level the post-close...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!