3 ms·
The thing you want to read about here is "material adverse change". Look it up. It's a contractual clause common in M&A that lets the buyer back out if somethin
by eldavido 7y ago
The thing you want to read about here is "material adverse change". Look it up. It's a contractual clause common in M&A that lets the buyer back out if something "bad" happens.
A textbook MAC would be, I'm buying a house and the house burns down. The core of this litigation is sure to be whether whatever has happened with wework is in scope for the MAC clause in their loan/M&A docs, or not.