If the seller party has given an untruthful warranty under a share purchase agreement, this could have major consequences for the buyer of the target business. In these situations, a party may have a claim for misrepresentation or have grounds to make a claim under the provisions of the share and purchase agreement.
On the other hand, if you were the seller party and were not advised by your solicitors about the extent of the warranties given, or your solicitors drafted unlimited indemnities in respect of the warranties, then you may have grounds for a professional negligence claim against the instructing solicitors at the time the share purchase agreement was being drafted and negotiated.
Vardags offers clients an efficient and outcome focused approach in all circumstances.
Vardags Limited is a limited company trading as Vardags, Company No 7199468, registered in England and Wales, having its registered office at 10 Old Bailey, London EC4M 7NG. Vardags is authorised and regulated by the Solicitors Regulation Authority (SRA Number 535955). Its VAT number is 99 001 7230.
Vardags uses the term ‘Partner’ as a professional title only, to describe a Senior Solicitor, Employee or Consultant with relevant experience, expertise and qualifications (whether legally qualified or otherwise) to merit the title. Our Partners are not partners in the legal sense. They are not liable for the debts, liabilities or obligations of Vardags Limited. Similarly, the term ’Director’ is a professional title only, to describe a non-legally qualified employee or consultant of Vardags with relevant experience, expertise and qualifications to merit the title. It does not necessarily imply that the relevant individual is a director of Vardags Limited.
A list of the directors of Vardags Limited and a list of the names of those using the title of ’Director’ and ’Partner’ together with their official status is available for inspection at Vardags’ registered office.