Contribution Agreement (Indemnification by Multiple Sellers) | Practical Law

Contribution Agreement (Indemnification by Multiple Sellers) | Practical Law

A contribution agreement to be used with a stock sale in which there are multiple sellers. This agreement sets out the terms and conditions by which each seller is entitled to seek contribution from the other sellers if a seller pays more than its proportionate share of indemnification obligations to the buyer. This Standard Document has integrated notes with important explanations and drafting and negotiating tips. It can also be modified for use with an asset sale or private merger.

Contribution Agreement (Indemnification by Multiple Sellers)

Practical Law Standard Document w-001-4416 (Approx. 11 pages)

Contribution Agreement (Indemnification by Multiple Sellers)

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A contribution agreement to be used with a stock sale in which there are multiple sellers. This agreement sets out the terms and conditions by which each seller is entitled to seek contribution from the other sellers if a seller pays more than its proportionate share of indemnification obligations to the buyer. This Standard Document has integrated notes with important explanations and drafting and negotiating tips. It can also be modified for use with an asset sale or private merger.