Australia's leading provider of affordable DIY legal kits
Call our Customer Care Specialists on 1300 728 200

Legal Forum

Welcome to the FREE AussieLegal Forum

This FREE legal forum is supported by participating lawfirms in your local area.
The information contained in this public forum, and any comments made by the administrators, it's appointed mediators, or members of the public are of a general nature and may not be regarded as financial or legal advice in any way. We recommend that you seek formal advice from a practicing solicitor or licensed financial advisor regarding your particular situation. By registering to use this forum you meet the above criteria and agree to abide by all of the above rules and policies.

To be sure we provide you with the most relevant information to your state, please let us know which state you your legal matter resides in:


AussieLegal recommends this law firm:

Tindall Gask Bentley - Perth

Address:  639 Murray Street, West Perth WA

Phone:  (08) 9211 5800



  FAQ FAQ  Forum Search   Register Register  Login Login

clarification needed

 Post Reply Post Reply
  Topic Search Topic Search  Topic Options Topic Options
kwshiraz View Drop Down

Joined: 12/June/2016
Location: Australia
Posts: 1
  Quote kwshiraz Quote  Post ReplyReply Direct Link To This Post Topic: clarification needed
    Posted: 12/June/2016 at 22:13
Hi I wonder what it means when it states "Seller will afford" in the text below:

Seller will afford Buyer’s affiliates, employees, auditors, legal counsel, and other authorized representatives all reasonable opportunity and access during normal business hours to inspect, investigate, and audit the Assets, liabilities, contracts, operations, and business of Seller before Closing. Buyer will conduct this inspection, investigation, and audit in a reasonable manner during regular business hours. Buyer agrees to hold all information regarding Seller and its business in confidence and not disclose same except to representatives participating in the Acquisition, including attorneys and accountants, or to potential investors and lenders in relation to financing or raising of funds in connection with such transaction who will agree to the same confidentiality provisions.

Does it mean that Seller will pay for all fees that will incur as result of investigations of the business financials and operations? Or does it just mean that they will give all the required access to business that the buyer's affiliates will need to do their investigation at the expense to the buyer?

 Post Reply Post Reply

Forum Jump Forum Permissions View Drop Down

Want to save money?

Check out our list of do-it-yourself legal kits.

Need formal advice?

Let us help you find a lawyer who specializes in your particular area of law.

Need further information?

Visit our legal forum where you can ask questions and search for similar topics.