American Staffing Association (03/06/14)
The Federal Reserve Board’s latest report on regional economies (known as the “beige book”) indicates that economic conditions around the U.S. continued to expand in the first few weeks of 2014. The majority of districts reported improved levels of activity, and the outlook in most regions remained optimistic. Employment levels improved gradually, and many districts continued to note shortages for particular types of specialized, skilled labor.
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