CLAWBACK PROVISION IN PURCHASE AGREEMENT
Im looking to see if there is a good way to 'claw back' some of that purchase price if a certain event occurs (customer concentration concern) without putting the $ in escrow and slowly distributing to the seller as he wants a certain amount of cash at closing. There is already an earn out in the deal. Is my best be here just to word the purchase agreement in a way that the seller owes me a portion of the purchase price if event happens and go to court if needed? Or is there a better way?
Thanks for the help!