Put and call

[Psc88]

Currently purchasing a business with fifty percent of shares initially.

50 percent at a later date, legal department have suggested a put and call to make sure seller sells.

If seller calls a sale and forever reason sale can't go through for example finance what are the legal obligations

 

[obscure]

Your legal dept recommended the put call. What did they say when you asked them this question?

 

[Psc88]

i have asked the question, due to bank holiday won't get a response until tomorrow!...was just trying to get some info online earlier!