What is specific performance?

What it means and how to read it on a deal.

Tracking Alpha

The target's right to ask a court to order the buyer to complete the deal, instead of only collecting a fee or damages.

On the site asTarget can force the closeTarget can force the buyer to close

As it looks on the site, with made-up values

Target can force the close
Target can force the close in some cases
Target can't force the close
Specific performance not in the filings

How to read it

The checklist line Target can force the buyer to close reads Yes, Only in some cases (typically only if the buyer's debt financing is funded) or No. On the list it is the second protection dot and a tag.

As it looks on the site, with made-up values

Target can force the close
Target can force the close in some cases
Target can't force the close
Specific performance not in the filings

Reverse termination feeThe fee the buyer pays the target if the agreement ends in the cases it sets out, typically when an approval is refused or the buyer's financing fails.
ProtectionsSeven contract facts the list draws as dots, one per fact, so they can be compared down the column.

What is specific performance?

What it is

How to read it

Related terms

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