Make sure that the purchase price payable on transfer of what you are selling (shares or a business) is fair and reasonable before agreeing to an “Earn-Out”. In today’s topsy turvy times, world events such as pandemics or the acts of despots can affect the value of what you have sold overnight, through no fault of yours.
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See AllIn South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
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