Corporate Matters — January 2014: validity of an earn-out notice
The negotiation of earn-out provisions is often one of the pinch points in the negotiation of a share purchase agreement. The preparation and service of the earn-out notice tends to attract less attention. This can be costly, as a recent High Court judgment demonstrates. In Barratt v Treatt plc, a share purchase agreement (SPA) provided for an earn-out […]