PR Newswire (02/27/15)
Noor Staffing Group LLC has entered into an agreement to purchase all assets of Corporate Resource Development Inc., a subsidiary of Corporate Resource Services Inc.
PR Newswire (02/27/15)
Noor Staffing Group LLC has entered into an agreement to purchase all assets of Corporate Resource Development Inc., a subsidiary of Corporate Resource Services Inc.
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.