Reuters (09/04/14) Ryan Vlastelica
U.S. private sector employers hired 204,000 employees in August, down from 212,000 in July, according to data from Automatic Data Processing. Economists surveyed by Reuters had forecast new hiring of 220,000.
Reuters (09/04/14) Ryan Vlastelica
U.S. private sector employers hired 204,000 employees in August, down from 212,000 in July, according to data from Automatic Data Processing. Economists surveyed by Reuters had forecast new hiring of 220,000.
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.