Basket
A basket is the amount of damages that must be suffered by a buyer before it can recover from the seller under the indemnity provisions of an acquisition agreement.
About the Author
Ryan Roberts is a startup lawyer and represents technology companies through all phases of the startup process, including incorporation, seed & venture financings, and exit transactions. Click here to learn more about his practice.
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Please consider subscribing to The Startup Lawyer, following @startuplawyer on Twitter, or contact Ryan directly.Random Posts
You have many choices when selecting a lawyer to assist your startup company...us lawyers aren't exactly an endangered species. But one decision you should never make is to draft legal documents yourself. These documents are just too critical to be drafted and--more importantly--issue spotted without legal education and experience.Because entrepreneurs are resourceful and capital tends to be scarce, they have a natural tendency to do their own legal work (Hello Google!). Entrepreneur, resist this urge.
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