BVCA creates standardised buyout documentation

Working in partnership with UK investment banks and law firms over the past year, the BVCA's new document aims to provide a middle ground, where both buyers and sellers are comfortable with the confidentiality agreement.

The agreement contains several key principals including: that the buyer ensures third parties are aware of the terms of agreement and takes responsibility for any breeches; and that the seller will not divulge the buyer's intentions without the buyer's consent. Other key principles include no indemnity and that all obligations have a time limit.

A template document will be formally published next month. However, according to the association, a number of houses are already using it. The BVCA is open to feedback on the template with a view to updating it in 12 months' time.

You can download the document here.

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• Topics
• GPs
• Buyouts
• UK / Ireland
• BVCA
• United Kingdom