New York Times (02/21/14) Robert Pear
State and local officials across the country say cities, counties, public schools, and community colleges have reduced or limited part-time employees’ work hours to avoid the Affordable Care Act’s employer mandate. Despite the Obama administration recently easing coverage requirements for large employers, public employers have maintained work-hour restrictions because their 2015 obligations will be based on hours worked by employees in 2014.
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