124.2 Claim amount

Limitations on the amount which the buyer can claim under the warranties or the tax indemnity come in two types, one laying down a maximum amount and the other laying down a minimum. Thus, there will usually be a clause in the share sale agreement whereby the buyer agrees that the aggregate maximum liability of the sellers will not exceed a certain figure, normally the purchase price to be paid by the buyer for the shares1. Consequently, the sellers will at least have the comfort of knowing that they will not be liable for more than the

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