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Glossary of Terms Beginning with W

Warranties & Indemnities:
These will be sought by the purchaser of shares in a limited company or the purchaser of a business and involve the seller warranting the accuracy of information supplied. Breach of warranty lays the seller open to a claim for damages. If a warranty is also described as an indemnity, the seller agrees to pay for loss caused on a pound for pound basis, without the seller having to actually prove the extent of the damage suffered.

Last updated: 4.46pm, Wednesday 28th April 2010

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Macdonald Henderson has advised the shareholders of Law At Work (LAW) in the sale of the company to Marlowe Group. The employment law, HR and health & safety specialists, has become the newest member of the Marlowe PLC group of companies, in a deal that will enable the Scottish-based firm to offer increased services and secure its ambitious UK expansion plans.
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