Worcester Business Journal (04/12/12) Livia Gershon
Although the national unemployment rate remains higher than 8%,
Robert Half International says unemployment rates are much lower
for some professional jobs, which is indicative of a
“specialist economy.” The staffing firm says the
unemployment rate was 1.9% for lawyers, 2.8% for human resource
managers, and less than 4% for software developers and financial
analysts during the first quarter.
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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