Bloomberg (02/20/14) Jeanna Smialek; Shobhana Chandra
U.S. jobless claims decreased by 3,000 to 336,000 in the week ended Feb. 15, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had forecast a drop to 335,000. The four-week moving average of claims increased to 338,500 from 336,750 a week earlier, a sign that employers are holding the line on firings.
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.
Home