Earn-out consideration notice: must be consistent with the SPA | Practical Law

Earn-out consideration notice: must be consistent with the SPA | Practical Law

The Court of Appeal has confirmed that a notice setting out the earn-out consideration due in a corporate acquisition was invalid because it was not consistent with the share purchase agreement.

Earn-out consideration notice: must be consistent with the SPA

Practical Law UK Articles 6-605-4908 (Approx. 3 pages)

Earn-out consideration notice: must be consistent with the SPA

by Ashurst LLP and Practical Law Corporate
Published on 26 Mar 2015United Kingdom
The Court of Appeal has confirmed that a notice setting out the earn-out consideration due in a corporate acquisition was invalid because it was not consistent with the share purchase agreement.