MAC-Ademy: An Introduction to the Material Adverse Change Clause
Recently, a curious team of our M&A bloggers presented an internal roundtable discussion aimed at understanding some of the key issues regarding material adverse change (otherwise known as “MAC”) clauses. Part of what came out of that discussion is a presentation that provides an introduction to the MAC clause and some analysis regarding current trends in the way MAC clauses are being negotiated and implemented in the Canadian deal market.
In the coming weeks we will publish a series of posts that address some of these trends and other issues to keep in mind when negotiating, drafting, or interpreting MAC clauses. Stay tuned for what we hope to be an interesting and informative discussion.