As forensic accountants, we all too often see parties getting into disputes after a deal in relation to completion accounts, earn-out accounts and/or warranties. Disputes can be very costly, divert considerable management time, and be an unwelcome distraction to a buyer from integrating the new acquisition, or to a seller in moving on to their next venture.
There are some simple steps that can often be taken when drafting a Share Purchase Agreement (SPA) to help avoid getting into a post-deal dispute over completion accounts.