In most types of transactions, a detailed legal contract is a must to finalise the interests of both parties as well as their responsibilities before closing a deal. In the world of business, such a contract is referred to as a sales and purchase agreement (SPA).
An SPA provides a framework for how a transaction should go. It also specifies exactly what is being bought and sold and what is excluded from the sale. An SPA allows participating parties to negotiate and agree upon a proper price. It also serves as a record for deposits made by the buyer and when the final place is going to take place.
A number of risks surround the creation of SPA, but none is as precarious as that of unintended ambiguity wherein certain terms, words, or phrases are subject to more than one interpretation. When that happens, the translated financial provisions of the SPA may not be the same as what was originally agreed by both parties, resulting to significant loss and future disagreements.
Our advisory team assist clients at every stage of transaction, helping them analyse and review contractual arrangements pre and post negotiations. We also provide support in the event of a dispute, enabling them to protect their positions in the deal process.
Our advisory team is comprised of professionals with backgrounds in financial due diligence, forensic accounting, dispute resolution, and tax advisory. We have also supported a number of large transactions over the years for clients from a diverse range of sectors. Bringing together these skills and experiences, we can provide the advice and support your organisation needs to protect your interest against varied risks associated with SPAs, whilst also creating further value to your money.
Whatever stage you are in in the transaction process, our expert advisory team can help you with:
Contact us so we can elaborate on our accounting and strategic business advisory solutions and discuss how they can help your organisation.
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