In this episode, Anna Tang, Nathan Guttman and Kimberly Kamkar tackle one of the most hotly negotiated provisions in M&A: sandbagging – what happens when a buyer closes a deal knowing that a seller’s representation is false, then sues over it. They break down the three competing legal philosophies that courts apply, and take listeners on a state-by-state “legal road trip” through Delaware, California, New York, Texas and Nevada to explore how each jurisdiction handles sandbagging.  Along the way, the conversation unpacks the critical contract drafting strategies that buyers and sellers should deploy, from defining "knowledge" to choosing governing law, and explains why silence on sandbagging is an invitation to expensive litigation. Whether you are a buyer or seller, negotiate deals, litigate post-closing disputes or simply want to understand the provision that can make or break an M&A transaction, this episode is well worth a listen.