It should never be fore view that the main purpose of the warranty is to impose legal liability on the seller and to remedy the buyer`s situation when statements about the targeted business prove to be erroneous. In the event of a sale of shares between two parties, a draft SPA is normally drawn up by the buyer`s legal representatives, since the buyer is most interested in the SPA protecting them from debts after the sale. When a business is sold at an auction, the seller`s lawyers usually draw up a draft contract for the sale of shares and make them available to those interested bidders for consultation. After negotiating the terms of the SPA and the due diligence process, the parties each sign the SPA, the buyer pays the purchase price and the shares are formally transferred to the buyer through a transfer form. As a rule, this takes place on the same day. The closing of an M&A transaction typically makes a successful DD investigation and the underlying provision of complete and accurate documents a critical condition for closing the acquisition. The conclusion of a robust DD investigation cannot be sufficiently emphasized in most M&A transactions. Target companies are usually heavily constrained to provide an investor with all the materials requested in this regard. Even a seemingly simple M&A with a small business with limited assets and operations can be accompanied by large hidden debts. In the past, data spaces were the norm and installation on the premises of the target company or its lawyers, where all categories of requested documents were filed for consultation by the buyer.