n Without Prejudice - No easy escape : financial law
|Article Title||No easy escape : financial law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Robert Driman and Tinyiko Ribisi|
|Publication Date||Jul 2012|
|Pages||47 - 48|
Hours, if not days or weeks are spent negotiating the material adverse change (MAC) clause in acquisition or financing agreements. The debate around these clauses centres on how much actual value and protection they afford to their intended beneficiaries.
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