Bloomberg (07/10/14) Shobhana Chandra
The number of people applying for unemployment benefits in the week ended July 5 fell by 11,000 to 304,000, the fewest in more than a month, according to the U.S. Department of Labor. The 45 economists surveyed by Bloomberg had forecast claims of 315,000. The four-week moving average of new claims dropped by 3,500 to 311,500.
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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