Does anyone here have a story about a startup operating at Troy Hunt's (tiny) scale actually getting a breakup fee? I've been through a couple acquisitions now and I've never even heard of someone getting a credible binding breakup clause.
I negotiated the acquirer paying all legal fees and for our time. We were tiny. It worked out. Like others said, spent a lot of time drafting superfluous policy docs in response to requests for copies...
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Does anyone here have a story about a startup operating at Troy Hunt's (tiny) scale actually getting a breakup fee? I've been through a couple acquisitions now and I've never even heard of someone getting a credible binding breakup clause.
I negotiated the acquirer paying all legal fees and for our time. We were tiny. It worked out. Like others said, spent a lot of time drafting superfluous policy docs in response to requests for copies...