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...
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