Attorney-Client Privilege Carveout

Description

This smart field captures the contractual carveout (i) specifying that the seller, and not the target company, will control communications protected by attorney-client privilege following the consummation of the transaction and (ii) preventing certain aspects of such attorney-client privilege, such as communications relating to the negotiation of the transaction, from being transferred to the purchaser or surviving corporation. This smart field was trained on share purchase agreements, asset purchase agreements and merger agreements.