Episode notes
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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