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Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
Edition 7ISBN: 978-1305633612Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
Edition 7ISBN: 978-1305633612 Exercise 14
Blair Co.'s top officers approached an investment bank to find a buyer for the company. The bank sent an engagement letter to Blair with the following language:
If, within 24 months after the termination of this agreement, Blair is bought by anyone with whom Bank has had substantial discussions about such a sale, Blair must pay Bank its full fee.
Is there any problem with the drafting of this provision? What could be done to clarify the language?
If, within 24 months after the termination of this agreement, Blair is bought by anyone with whom Bank has had substantial discussions about such a sale, Blair must pay Bank its full fee.
Is there any problem with the drafting of this provision? What could be done to clarify the language?
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Problem in drafting the case provision i...
Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson
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