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Ingly, disclosure letters should set out any information about the sale asset that is inconsistent with warranties in the sale agreement. Therefore, if a seller's warranty is incorrect or untrue, the purchaser will not be able to make a claim against the seller.
The disclosure letter is prepared by the seller of the shares or assets, and includes general and specific disclosures regarding the seller's warranties in the acquisition agreement.
A disclosure letter will be prepared by the seller's solicitors generally at some point after the share sale agreement has been drafted and quite often it dovetails with negotiations over warranties.
Generally speaking, your disclosure letter should provide an overview of your business model and any applicable regulations or laws that you must comply with; it should also include any relevant information about any products or services you offer, such as warranties or guarantees; and any other relevant information ...
A disclosure statement in such a case might read: ?The author declares that (s)he has no relevant or material financial interests that relate to the research described in this paper?.