List of schedules: Overview, definition, and example
What is a list of schedules?
A list of schedules refers to a section in a legal agreement—usually near the front or back of the document—that identifies the attached schedules providing additional details, disclosures, or supporting information referenced throughout the contract. These schedules are not standalone documents; they are an integral part of the agreement and help clarify or expand on the main terms, such as financial statements, asset lists, exceptions to representations, or pricing terms.
Why is a list of schedules important?
The list of schedules is important because it keeps the agreement organized and makes it easier for the parties to cross-reference key information. Without this list, it can be unclear what supporting documents are part of the contract or whether something critical is missing. For transactions like mergers, asset purchases, or financings, schedules often contain vital facts—so clearly identifying and labeling them ensures transparency, accuracy, and enforceability.
Understanding a list of schedules through an example
In a share purchase agreement, the contract might include a representation that “The Company has no material litigation, except as disclosed on Schedule 4.6.” The list of schedules would then include:
- Schedule 4.6 – Litigation Matters
This helps the reader immediately locate that schedule and confirm what has been disclosed. If the list is missing or mislabeled, it could cause confusion or raise legal questions about what was actually agreed upon.
Example of how a list of schedules may appear in a contract
Here’s how a list of schedules might be presented in a transaction agreement:
"Schedules
Schedule 1.1 – List of Purchased Assets
Schedule 2.2 – Assumed Liabilities
Schedule 3.4 – Seller’s Financial Statements
Schedule 4.6 – Litigation Matters
Schedule 6.1 – Permitted Encumbrances"*
Conclusion
A list of schedules is a practical tool that adds structure, clarity, and transparency to complex agreements. It ensures all referenced documents are properly identified and included, reducing the risk of confusion or disputes. Both parties should review the list carefully to confirm that all schedules are present, accurate, and consistent with the terms of the agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.