WTVM-9 (Georgia) (01/13/12)
More than 100,000 people will get hired at the two top home improvement chains in the U.S. during this year’s spring selling season. Home Depot has announced it plans to hire 70,000 temporary workers this year, while Lowes will add 40,000 seasonal workers during 2012. Home Depot says many of the jobs will likely turn into permanent positions. About half of Home Depot’s 2011 seasonal hires stayed on in permanent positions.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
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