California intermediate appellate court holds that offer was not bona fide. The earnout disqualified the offered purchase price from being “in a dollar amount.” M&A Stories August 09, 2021 Introduction: When purchasing a business from a franchisee, there are additional…
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EARNOUT PROVISION DISQUALIFIES PURCHASE OFFER IN FRANCHISE AGREEMENT DISPUTE
Posted in approval of franchisor, bona fide offer, earnout, franchise sale Tagged with: Bona fide offer, California appellate court, dispute resolution, Dollar amount requirement, Earnout provision, Franchise acquisition, Franchise agreement, M&A legal blog, Purchase offer, Understanding franchise agreements
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- Selling shareholders problem with their board of directors
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- trademark infringement
- trademarks
- transferee liability for taxes IRC Section 6901
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- tying fraud to economic loss
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- UCC search
- Uncategorized
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- unitary business
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- unwanted assets
- vacation time
- valuation
- waiver of contractual provision
- waiver of jury trial
- waiver of removal to federal court
- waiver provision
- willful breach carveout
- willing buyer or procuring cause
- Withholding Post-closing payments
- working capital adjustment
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