disclosure letter

disclosure letter
1) A key document in any private acquisition. It is prepared by the seller's solicitors and makes general and specific disclosures regarding the warranties (warranty) contained in the acquisition agreement. If a seller fails to disclose a relevant matter, in respect of the warranties, he may be sued by the buyer for breach of warranty. A bundle of documents is usually attached to the disclosure letter to support the seller's disclosures.
2) Letter in which seller discloses information relating to the warranties (warranty). Issued at the time of signing. If there is a gap between signing and completion, a second letter is usually issued at completion.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Rule 10b-5 disclosure letter — A letter under Rule 10b 5 of the US Securities Exchange Act of 1934. Rule 10b 5 provides that liability in connection with the offering document may arise if material information is omitted or materially misleading information is included. A Rule …   Law dictionary

  • disclosure — dis·clo·sure /dis klō zhər/ n: an act or instance of disclosing: as a: a lender s revelation of information to a consumer under the Truth in Lending Act that enables the consumer to make an intelligent decision about the loan b: the revelation to …   Law dictionary

  • Letter Rogatory — A Letter Rogatory or Letter of Request is a formal request from a court to a foreign court for some type of judicial assistance. The most common remedies sought by Letters Rogatory are service of process and taking of evidence.ervice of… …   Wikipedia

  • Letter of intent — A letter of intent or LOI is a document outlining an agreement between two or more parties before the agreement is finalized. The concept is similar to the so called heads of agreement. Such agreements may be Asset Purchase Agreements, Share… …   Wikipedia

  • letter of acknowledgment — A form received with a Disclosure Document intended for the customer s signature upon reading and understanding the Disclosure Document. The FCM is required to maintain all letters of acknowledgment on file. It may also be known as a Third Party… …   Financial and business terms

  • letter of comment — Letters of comment are sent out by the S.E.C. in most cases as a means of informing registrants of securities offerings of the respects in which a registration statement is deemed not to meet the disclosure and other requirements of the… …   Black's law dictionary

  • letter of comment — Letters of comment are sent out by the S.E.C. in most cases as a means of informing registrants of securities offerings of the respects in which a registration statement is deemed not to meet the disclosure and other requirements of the… …   Black's law dictionary

  • 10b-5 letter — USA See Rule 10b 5 disclosure letter. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • National Security Letter — An NSL issued to the Internet Archive demanding information about a user …   Wikipedia

  • Full Disclosure (The West Wing) — Infobox Television episode Title = Full Disclosure Series = The West Wing Caption = C.J. Cregg confronts John Hoynes. Season = 5 Episode = 103 Airdate = February 25, 2004 Production = 176065 Writer = Lawrence O Donnell, Jr. Director = Lesli Linka …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”