Leakage in Locked Box Deals: Clear Definitions and Professional Phrasing

Worried that vague leakage language will cost you time, money or leverage in a Locked Box deal? This lesson gives you a precise, contract‑ready understanding of what “leakage” is, how it differs from Completion Accounts, and how to draft buyer‑ or seller‑favouring clauses that avoid double‑counting and disputes. You'll get focused explanations, practical clause patterns, negotiation rationale, real examples and short exercises so you can spot pitfalls and produce clear, enforceable wording for SPA markups and live negotiations.