Acq ws6 detailed notes Study guides, Class notes & Summaries

ACQ WS6 - Detailed notes Last document update:   ago

Asset Acquisitions (Transferring Assets and Employees) What should be transferred? ⟶ Aim to have a COMPREHENSIVE DEFINITION OF “BUSINESS” to cover all the assets you want ⟶ Not unusual to have separate provisions for certain types of assets (e.g. goodwill) ⟶ Include a list of assets which are explicitly excluded (if any) ⟶ Sometimes a formal transfer of an asset is not possible at completion (e.g. because consent is required by a 3rd party). In these circumstances, the SPA shou...