An “earn-out” is popular way to bridge valuation gaps in merger and acquisition transactions. Often, they involve some dispute between the acquiring company and the management of the acquired company regarding the financial performance of the acquired business or perceived hindrances to running the acquired business to achieve the earn-out. This program will be valuable to both the in-house lawyer proactively drafting and negotiating an earn-out clause, as well as the in-house lawyer seeking to enforce or defend an earn-out clause in litigation or arbitration.