Purchase Agreement: Interest in Competitors Provision | Practical Law

Purchase Agreement: Interest in Competitors Provision | Practical Law

A Standard Clause that may be used in a purchase or merger agreement where a seller wishes the buyer to represent that the buyer, its controlled entities, and its associates do not have an interest of 5% or more in any of the target's competitors. This Standard Clause discusses when the buyer is required to disclose its and its associates' minority interests on the Hart-Scott-Rodino (HSR) Act Notification and Report Form (HSR form) and the impact such disclosure may have on the agencies' review of the competitive effects of the transaction.

Purchase Agreement: Interest in Competitors Provision

Practical Law Standard Clauses 8-556-4486 (Approx. 12 pages)

Purchase Agreement: Interest in Competitors Provision

by Practical Law Antitrust
Maintained • USA (National/Federal)
A Standard Clause that may be used in a purchase or merger agreement where a seller wishes the buyer to represent that the buyer, its controlled entities, and its associates do not have an interest of 5% or more in any of the target's competitors. This Standard Clause discusses when the buyer is required to disclose its and its associates' minority interests on the Hart-Scott-Rodino (HSR) Act Notification and Report Form (HSR form) and the impact such disclosure may have on the agencies' review of the competitive effects of the transaction.