In this course, delegates will be guided through each stage of a claim under the warranties in a typical share sale and purchase agreement. This course also includes a review of the complex and often misunderstood subject of quantification of damages for breach of warranty. The course will cover the following subjects:

What are warranties?

•          The Sale and Purchase Agreement

•          Consideration

•          Warranties – what are they for?

•          Disclosures against the warranties

•          The difference between warranties, indemnities and representations

The procedure

•          Establishing a breach – evidence

•          Vendor protections

•          Dealing with third parties

•          The notification letter

Quantifying warranty claims

•          What is the purchaser trying to achieve? Adjusting the consideration

•          Calculating the loss

•          The difference between quantifying warranty claims and misrepresentation claims

•          Limitations and exclusions of liability