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If the potential buyer cannot come to agreement on merger terms with the potential seller's management and board of directors describe which two alternatives are still open to the potential buyer.
Representations
Statements or assertions made by one party to another, often regarding the condition or status of something, which can impact agreements or contracts.
Innocent Misrepresentation
A misrepresentation made without fault or knowledge of its falsity, which may allow the misled party to void the contract but not claim damages.
Intentionally Deceptive
Deliberately misleading actions or statements designed to make someone believe something that is not true.
Ratification
The action of officially approving or confirming a previous act or decision, which was made without authorization or was otherwise questionable, to make it legally valid.
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