The Middle Ground

A GUIDE TO DEAL TERMS IN PLAIN ENGLISH


+ Introduction

+ Purchase and Sale

+ Closing

+ Representations & Warranties - Seller

+ Representations & Warranties - Buyer

+ Covenants

+ Conditions to Closing

+ Indemnification

+ Termination

+ Miscellaneous

Defined Terms


Although this document skips over the “Definitions” section of the Agreement, the defined terms are essential to understanding the Agreement itself. Perhaps the most difficult aspect of deciphering some contracts is understanding the implications that follow from the use of defined terms in the body of the contract. To help you get accustomed to the use of defined terms, throughout this resource we have capitalized terms that are defined in the Agreement when they are used as defined. If used in a more general sense, the terms are not capitalized (for a good example of contrasting uses, examine the uses of “business” and “Business”).