APA Series

• Reps and Warranties

  • What are they – Promises

    • General overview

    • Walk through some examples

    • How people should be reviewing these

    • What happens if they are not true

      • Disclosure schedules!

        • What are these

        • How do they work

        • What do they look like

    • What happens if you breach these promises

      • Explain connection to indemnification

    • Fundamental v general reps

    • Baskets and caps

Parting Shot

• Get your operating agreement done. Do it. Make it a priority. You may not use it, but its nice to have something in place.

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