Del. M&A Ruling Holds Lessons On Post-Termination Rights

Summary

Law360 (September 16, 2021, 5:42 PM EDT) -- The Delaware Court of Chancery's recent decision in Yatra Online Inc v. Ebix Inc. serves as a reminder that under the effect of termination provision in most merger agreements, a party's termination of the agreement extinguishes all liability of both parties for pretermination breaches of the agreement — except as the parties may have otherwise specifically provided in the agreement.