‘Time-Is-of-the-Essence’ Clauses in Private M&A Agreements
‘Time-Is-of-the-Essence’ Clauses in Private M&A Agreements

In the wake of the Delaware Supreme Court decision in Thompson Street Capital Partners, IV v. Sonova (Del. Sup.; 4/25) that applied the equitable doctrine “common law abhors a forfeiture” to noncompliance with a merger agreement’s notice of claims requirement, a number of drafting changes have been proposed. One such suggestion — by Glenn West in Business Law Today — is […]

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