Performance or Non-Performance Insurance
Protects the buyer or seller against financial loss resulting from inaccuracies in representations and warranties in a corporate transaction.
What does it cover?
- Obtains indemnification through non-compliance insurance when the provisions of the purchase contract are not complied with by the seller.
- Guarantees payment for economic damages due to non-compliance with delivery times established in the purchase contract
- Guarantees and protects your contract:
- To avoid a lengthy and contentious negotiation with the seller about the appropriate level of indemnification
- Protect the key relationship with the seller:
- To avoid lengthy and contentious negotiation with the seller about the appropriate level of indemnity where a key business relationship also exists.
