Wall Street Journal (10/15/15) David Harrison; Eric Morath
The consumer-price index declined a seasonally adjusted 0.2% in September from a month earlier, according to the U.S. Department of Labor. Excluding the energy and food categories, core prices increased 0.2%. Economists polled by the Wall Street Journal had forecast prices would decline 0.2% and core price would increase 0.1%.
Overall prices were flat compared with a year ago. Core prices rose 1.9% from a year ago.
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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