| Commentary

122 Further warranties

| Commentary

122 Further warranties

In settling the list of warranties, a buyer should always consider the nature of the company he is proposing to buy rather than simply relying on a standard package of warranties. For example, if the target company manufactures and sells computer hardware and software, the buyer will need extensive warranties concerning the target’s ownership or right to use the intellectual property comprised in that hardware and software. On the other hand, where the target is a property investment company, a warranty to the effect that the company does not own or use any intellectual property in relation

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