Frequency/market practice: The buyer will ask for 100% but it is possible to negotiate down for non-fundamental (business) warranties. It ranges from 10-30% for business warranties. It may be higher, depending on the bargaining power of the parties and if there is W&I Insurance. Common to have 100% for fundamental warranties.

Frequency/market practice: Fundamental warranties (e.g., title, capitalization, authority) are often not subject to the cap. Tax and specific areas of concern are often also excepted, sometimes with specific higher caps. Separate caps can be negotiated.

Frequency/market practice: Tipping basket is more common, but both are seen.

Frequency/market practice: A general survival of 18-24 months for business warranties is common, subject to negotiation. Longer periods may be required for fundamental warranties (including tax): 3-7 years or the statutory limitation (generally six years for Hong Kong).

Frequency/market practice: It is common to carve out fraud. Tax is commonly longer than business warranties.

Frequency/market practice: Increasingly common, particularly on financial sponsors exits. It can often be adapted to cover specific identified risks e.g., tax.