Earn-Out Payments and Retention Payments In my last transaction documents blog post – before posts on credibility and premium valuations as well as a post comparing free solo climbers and bootstrappers – I continued a section by section analysis of an asset purchase agreement with an intro to ‘Purchase and Sale of Acquired Assets; Assumption of Assumed Liabilities’. Today, we will discuss ‘Earn-Out Payments and Retention Payments,’ frequently a critical component of the total consideration in a deal. An earn-out is comprised of conditional supplementary payments incorporated…