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VERIFICATION OF FINANCIAL RECORDS/DUE DILIGENCE CLAUSE.The Vendor agrees to make available to the Purchaser and/or its Representatives and Accountants, after signing hereof by all parties, the financial records of the business to enable the Purchaser and/or its representatives and accountants to verify the accuracy of the financial statements within fourteen (14) days of the Contract date. If the said financial statements upon examination are found to be false or not so verified by the said financial records, then the Purchaser shall be entitled to terminate this Contract by notice in writing to the Vendor stating the discrepancies whereupon all monies paid by way of deposit shall be refunded in full to the Purchaser. PROVIDED, HOWEVER that should the Purchaser fail to give notice to terminate within seventeen (17) days of the Contract date, then it shall be deemed that the said financial statements have been verified. |
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