Not lying or misleading the other party seems straightforward, but what about half-truths, omissions, or radio silence? Depending on the circumstances, you can be in breach of contract by failing to correct a misapprehension as a result of your conduct — or lack thereof.
A share purchase involves the purchase of shares of a company effectively transferring the company’s assets and liabilities to the purchaser. An asset purchase, on the other hand, involves the purchaser buying some (or all) of a company’s assets. Oftentimes, the purchaser may prefer an asset purchase and the vendor may prefer a share purchase; this preference, however, will vary depending on a variety of factors.