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Solicitor4All, Solicitor
Category: Law
Satisfied Customers: 8266
Experience:  Director and Principal Solicitor. UK
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Should a warranties section exist in a share purchase

Customer Question

Should a warranties section exist in a share purchase agreement for a 40% share purchase of a company?
JA: These loans can vary based on the terms of the contract. Can you provide me with more details about the loan?
Customer: Purchasing a 40% share in a company
JA: Where are you located? loan laws vary by location.
Customer: London
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: Purchasing the shares through a ltd company and the seller has asked for personal buyer guarantees as I am doing the majority of the payments on a deferred basis
Submitted: 16 days ago.
Category: Law
Expert:  Solicitor4All replied 16 days ago.

A very good day to you there, how do you do? It is my pleasure to assist you today.

Expert:  Solicitor4All replied 16 days ago.

My name is ***** ***** law expert with over 15years practice. Thank you for the enquiry.

Expert:  Solicitor4All replied 16 days ago.

Before I can provide you advice on your question, there are a few things to note:

  • I will endeavour to respond to your enquiry very quickly, but if you do not receive my response immediately, do not worry I will not have forgotten, I would either be reviewing your question fully or it could be a technical delay on my end. Please know that I will be with you as soon as possible.

Expert:  Solicitor4All replied 16 days ago.

I hear what you're saying. It's totally natural that you would feel this way.

Is there anything else you feel is relevant to your question or anything else you would like to add before we continue?

Customer: replied 16 days ago.
No I don't think so
Expert:  Solicitor4All replied 16 days ago.

I would expect there to be a warranties clause as a standard, however not having one would not invalidate the agreement. It is important and therefore if you are buying you must ask for inclusion,

Expert:  Solicitor4All replied 16 days ago.

Any follow up please do not hesitate to send your message. Always glad to assist and to clarify anything for you, all the best.