What is a Condition Precedent in a Contract? And How is it relevant?
Background:In the late of August 2021, PayU (a Netherlands based fintech group) announced acquisition of BillDesk (an Indian payment gateway provider) for a whooping USD 4.7 Billion, which was supposed to be the second largest buyout of an Indian digital technology company after Walmart’s acquisition of Flipkart for USD 16 Billion back in 2018. [1] […]
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