12 J. Bus. Entrepreneurship & L. 1 (2019)

handle is hein.journals/jbelw12 and id is 1 raw text is: 











     Getting What You Bargained for:
  Avoiding Legal Uncertainty in Survival
Clauses for a Seller's Representations and
        Warranties in M&A Purchase
                   Agreements


                       WILL PUGH




INTRODUCTION:                     ........................................ 2
I. BACKGROUND       ................................. ....... 8
II. ANALYSIS                    .......................................... 13
      A. Operation of the Delaware Statute.. ............... 13
      B. Determining the Applicable Limitations Period........... 14
      C. Contractually Specifying the Limitations Period..... 17
      D. The Start of the Limitations Period... .. ......... 19
      E. Requiring Notice of a Suspected Breach of Reps and
            Warranties...........................   20
      F Choice ofLaw Provisions.................... 21
      G. Lengthening of the Statute ofLimitations................ 22
      H. Summary of Current Law.................... 23
III. SOLUTION                   ......................................... 23
      A. Contractual Solutions....................  23
      B. Legislative Solutions........................ 26
            1. Borrowing Statutes and Accoutrements........ 27
            2. Controlling  Statutes ................... 29
      C. Judicial litigation Solutions under Current Law ......... 30
CONCLUSION..........................................33

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