Depending on the size of the problem, the seller may also remind the buyer of these conversations when the disclosure plans are distributed. Careful communication of these issues is essential to avoid surprises and diversions, or even loss of trust between the parties. Sensitive issues, such as the status of ongoing disputes or claims, may receive legal assistance.  Disclosure plans are generally more detailed and broader with respect to seller representations, although there may be disclosure plans regarding a buyer`s guarantees and guarantees based on the transaction. For example, in the case of a merger between equals or a transaction in which the seller receives securities from the buyer in return, the information provided by the buyer and related information can be a very important aspect of the transaction for the seller. As part of an exceptional schedule, there is a non-intervention schedule that is very frequent and prudent in the exception plans. A non-commitment plan essentially provides for potential obstacles to closing the transaction, z.B.: Buyers cannot terminate the sales contract because of the update.  While sellers will generally endeavour to prepare the first draft information plan on the basis of their initial draft acquisition agreement, the buyer may have prepared the initial project for transactions for which there is no auction procedure. In any event, it is likely that the parties will negotiate the agreement, including the assurances and guarantees to which the schedules relate during the preparation of the disclosure plans. Sellers should keep in mind that there will likely be a few outstanding issues when the first draft information plan is presented. For example, a seller may object to the inclusion of certain representations in the purchaser`s acquisition contract or offer to include certain qualifications.
As a result, it is likely that sections of the original draft disclosure plans will be reserved until these negotiations are concluded. If the sales contract does not contemplate a concomitant signature and a concomitant conclusion when the transaction is concluded at the time of signing the sales contract, the period will be extended between the signing and the conclusion. The period between signing and closing can range from day to month, depending on the conditions that must be met before closing. On the other hand, disclosure pages and pages could cause the buyer to be concerned about the risk he or she is taking from the seller, or the seller`s attempt to conceal a problem by burying it in large lists. For the seller`s lawyer, it is often helpful to tell the person designing the disclosure plan that they should rely more on the side of the warning, and then decide, after checking the schedule, whether to be re-elected. An important and sometimes controversial point of discussion in the development of disclosure plans is the importance standards that are used to describe the items to be listed. Suppose a representation in the acquisition agreement asks the seller to list all the contracts in which he participates. The seller should establish an extremely long and cumbersome list of contracts ranging from his main agreements to ordering packets of sugar in his kitchen.