203 Advantages of a share purchase

Of the two methods of selling a business, share purchase remains the more popular option in most cases since it is has advantages from both the seller’s and the buyer’s point of view. For the seller, selling his shares provides him with a clean break from the business, although the quid pro quo for obtaining his freedom will be the need to give extensive warranties and indemnities to the buyer, and he may also have to extricate himself from certain ongoing guarantees of the company’s obligations. Further, there is less likelihood of any employment

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