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What is a Sale & Purchase Agreement (SPA)? This important and binding legal document governs the relationship between buyer and seller. We look in more detail at what it covers including: consideration, restrictive covenants, operative provisions, price adjustment mechanisms and the difference to an APA. 00:00 – Introducing ‘What is a Sales & Purchase Agreement (SPA)?’ 00:34 – What is a Sales & Purchase Agreement (SPA) 01:09 – Overview of content for a Sales & Purchase Agreement (SPA) 02:03 – What needs to be covered in an SPA – Price, payment, adjustments, verification, warranties, indemnities 02:59 – Covenants, schedules, premises, IP, IT, ancillary documents 04:04 – Breaking down the overwhelming document into bite sized pieces 04:17 – A binding legal document 04:46 – Expectation of length of SPA 05:00 – Why some SPA’s are longer than others 05:58 – Interpretation of the technical language by a lawyer 06:18 – Why do you require a specialist lawyer? 08:12 – Heads of terms and the SPA 08:39 – Avoiding reentering a negotiation during an SPA 10:15 – The difference between an SPA and an APA See all 12 videos in Series 1 & 2 https://www.thenonexecutive.com/videos/