10. September 2021 · Write a comment · Categories: Uncategorized

The SPA explained that the applicant “has the possibility” to provide its advisory services for a period of four years from the completion of the SPA and “another period that can reasonably be agreed” between the parties. The claimant provided his services for four years and received approximately £4 million in earn-out consideration, calculated according to a formula agreed at the SPA. In addition, the claimant requested an “appropriate extension” for the provision of his services, which the defendant refused. In the event that a dispute could arise if one of the parties to the agreement refused to negotiate the outstanding term at the future date, rejection by that party would essentially place the other party in a situation where it would not be able to implement the agreement. . . .

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