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Everyone is saying Musk waived is due diligence rights. Where can I read that?
by hartator 4y ago
Everyone is saying Musk waived is due diligence rights. Where can I read that?
- vitaflo 4y agoHe didn’t wave them he simply didn’t do them. The time for due diligence is before you sign a binding contract. Once you sign no amount of “extra” diligence maters because you already made a binding decision. Elon signed without doing enough due diligence and now wants to get out because of it but that’s not how binding contracts work.
- camjohnson26 4y agoLook up Matt Levine’s newsletter, he’s been covering the whole saga and is an expert on M&A.