Pitfalls of post-closing price adjustments

By Jason Mohrbutter ( September 22, 2022, 1:57 PM EDT) -- Post-closing price adjustment provisions may assist in negotiating some transactions. While the courts do not warmly embrace such provisions, they are clearly permissible if drafted properly. However, if they lack sufficient precision they can foment significant uncertainty and litigation. Niebergal v. QHR Technologies Inc., 2020 SKQB 327, (affirmed Niebergal v. QHR Technologies Inc., 2022 SKCA 85) is one such example....