The period, in a sale agreement, during which the seller remains liable for its representations and warranties.
The survival period sets how long the buyer may act against the seller under the representations and warranties of the sale agreement. Its interaction with warranty and indemnity insurance opens a gaping hole, the typical policy runs three years while 93% of deals extinguish the seller's warranty before twenty-four months, yet nearly half of claims arise beyond twelve. Survival periods shortened not despite the policy but because of it, the parties allowing themselves a gap they knew was covered, so the insurer alone carries a class of claims the contractual regime would have absorbed.
The policy runs three years, yet 93% of sale agreements extinguish the seller's warranty before twenty-four months, while 49% of claims arise beyond twelve.
période de survie, survie des garanties