By Charles M. Fox
The second one version of Charles Fox s bestselling paperback consultant, operating with Contracts: What legislation tuition Doesn t train You, updates the unique variation released in 2002. the right source for brand new affiliates, legislation tuition scholars, company humans, or someone who usually offers with complicated contracts, the second one version expands present fabric on agreement covenants and treatments for breach of a covenant; due diligence stipulations; association of the contract; credit-related provisions; acquisition-related provisions; the combination clause; and indemnification. different miscellaneous revisions are present in each bankruptcy of the second one variation. additionally, the word list and the index were completely revised. In its up to date shape, operating with Contracts is still the main priceless and useful advisor for someone facing subtle agreements.
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Extra info for Working With Contracts: What Law School Doesn't Teach You (PLI's Corporate and Securities Law Library)
1 Representations [A] The Purpose of Representations [B] Representations and the Disclosure Process [C] Timing of Representations [D] Representation Qualifiers [E] Corporate Existence, Power and Authority [F] Consents; No Violations [G] Financial Statements; No Undisclosed Liabilities [H] Material Adverse Change [I] Books and Records [J] Title to Assets [K] Capitalization [L] Litigation, Full Disclosure, Etc. 13 Further Assurances � 10:3 Miscellany Glossary Index Chapter 1 Introduction �1:1 What Law School Doesn’t Teach You Linda, a new associate in a mid-sized law firm, gets her first assignment.
A creditor will also be concerned that if the debtor goes into bankruptcy a higher debt load will result in a smaller distribution to it. • Creation of liens. Secured debt reduces the assets available to be used to satisfy the creditor’s unsecured claims and general obligations in the event of insolvency. • Sale of assets. Loss of income-producing assets could adversely affect the debtor’s cash flow. • Payment of dividends. Every dollar paid as a dividend to shareholders reduces cash available for payment to a creditor.
At this point, the remedy of terminating the contract would be useless to the purchaser. On the other hand, if the purchaser discovered the breach of representations before the sale occurred, a right of termination would be very useful and entirely appropriate. Sometimes a contract will permit a party to terminate certain obligations without terminating the entire contract. An example is a revolving credit agreement, under which a lender is required to make loans to the borrower from time to time.
Working With Contracts: What Law School Doesn't Teach You (PLI's Corporate and Securities Law Library) by Charles M. Fox