Bloomberg (10/16/14) Michelle Jamrisko
The number of people applying for unemployment benefits in the week ended Oct. 11 decreased by 23,000 to 264,000, the fewest since April 2000, according to the U.S. Department of Labor. The 49 economists surveyed by Bloomberg had forecast claims of 290,000. The four-week moving average of new claims dropped by 4,250 to 283,500, the lowest since June 2000.
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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