A claim for compensation under Section 73 of the Contracts Act can only be invoked against the party who made the contractual undertaking. The existence of a contract is a prerequisite for a claim under this section. However, the liability of the person responsible for the compensation provisions applies to losses or liabilities resulting not only from the professional`s actions, but also from the acts of third parties or an event. This extension is an important advantage that a compensation clause has over a claim. However, these principles of predictability, predictability and remoteness do not apply to a compensation clause that allows the compensating party to demand rights, consecutive losses and remote losses through a wider range of rights, consecutive and remote losses, unless they are expressly excluded from the contract. A tax notice provides for situations in which the seller`s liability for the company`s underpaid tax may be triggered, for example.B. in the event of a tax check with the company that covers certain taxes or tax matters or a challenge to the amount of tax not paid by a tax authority or the refusal of a tax authority to grant a refund of VAT to the company. Etc. When a SPA is accompanied by a tax deed, it is clearly indicated, in the event of a particular event, how it should be managed and how parties should cooperate when a tax dispute arises with the tax authorities, for example. B which of the parties will settle the dispute. The other issues agreed in a tax deed may be to keep the other party informed of the status of any case that may influence its financial accounts related to tax guarantees, provisions relating to the acquisition and counting of the costs of these cases, or formal appeal decisions. In addition, the parties may decide to include a compensation clause in a tax notice and not the associated GSB. The second type concerns the general limitation period for which the seller cannot make the maturity responsible.
This deadline is generally set separately for rights arising from different issues. For example, claims based on tax guarantees are normally prescribed six years after the reference date (subject to the statutory limitation period for tax assets in accordance with current laws); other fees are prescribed by shorter time frames, such as 18 to 36 months; and rights relating to the seller`s authority and organization, the seller`s ownership and the validity of the shares are not subject to temporal restrictions because of their importance and essential characteristics in the context of a share purchase transaction.