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Expert Analysis

Disclosure Schedules: Pariah Of The Purchase Agreement

By Daniel T. Janis (March 15, 2018, 1:02 PM EDT) -- One of the biggest moments in the life cycle of a company sale is when the purchase agreement gets finalized. Negotiations are nearing completion. The deal starts to feel real. The client's big cashout is in sight. And then comes the big transactional buzzkill — the disclosure schedules. While disclosure schedules are labor-intensive, redundant and all-around boring, they are also mission critical to limiting a seller's liability following a deal closing. So, when the time comes to draft the disclosure schedules, deal counsel has to take a deep breath, get the client on the line and have "the talk."...

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