Kent Solicitors

A common warranty by the seller in a share sale agreement is: 'all debts owed to the Company which are reflected in the Management Accounts or which have arisen since the Management Accounts Date either have been realised in full or will be realised in full in the normal course of collection not later than 120 days from the date of Completion'.

The words 'normal course of collection' means chasing, but not the issue of court proceedings

Labels: Collection debts