Disclosure schedule

The seller’s list of exceptions to its own representations. A rep says the business has no litigation, and the schedule names the three cases it has.

Disclosure schedule in practice

The agreement says all customer contracts are assignable, and the schedule lists the two that need consent.

Reading the schedules is how a buyer learns what the reps were quietly written around.

Reps, warranties & indemnities · Survival period · SPA / definitive agreement · Due diligence · All of the glossary