Global Private M&A Guide - Limited External Content

France

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Conditions precedent Start Comparison
Express Material Adverse Event (MAE) closing condition?

Frequency/market practice: Fairly common as the scope/definition of the MAE is often an issue and subject to negotiation.

Is the MAE general or specific?

Frequency/market practice: Both are seen. Depending on the negotiations, the scope and definition of the MAE are key and often subject to negotiation.

Is the MAE quantified?

Frequency/market practice: Rarely (even if sometimes seen in certain transactions).

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