United Press International (02/02/12)
ASA corporate partner CareerBuilder says at least a dozen U.S. corporations plan to add more than 500 workers to their payrolls, amounting to an aggregate 38,000 new jobs. “While unemployment remains high, the increasing number of companies with many openings means job seekers have a wider variety of industries and job types from which to choose,” says Matt Ferguson, chief executive at CareerBuilder.
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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