{"iri":"https://lexicon.financial/ext/PurchaseAgreement","label":"Purchase Agreement","definition":"The binding contract that governs a business sale. Supersedes the LOI. Contains representations and warranties, closing conditions, indemnification terms, working-capital adjustments, non-competes, and the schedules of assets/liabilities conveyed. On main-street deals typically an Asset Purchase Agreement (APA); on mid-market deals more often a Stock Purchase Agreement (SPA). A specialization of FIBO's `MasterAgreement` for M&A transactions.","license":"https://spdx.org/licenses/MIT","source":"ext","source_url":"https://lexicon.financial/ext/"}