The lease said the seller was not responsible for the lease if assigned to an assignee (the buyer in this case) who had a net worth of $20 million or more at the time of assignment. M&A Stories May 31,…
The lease said the seller was not responsible for the lease if assigned to an assignee (the buyer in this case) who had a net worth of $20 million or more at the time of assignment. M&A Stories May 31,…
Preliminary legal skirmish highlights risks of using earnouts. M&A Stories May 22, 2023 Introduction: In the world of business acquisitions, it is common for buyers and sellers to struggle to agree on a purchase price. One approach to address this…
The buyer of a company is sued for defamation by the seller’s owner for telling former seller employees that the seller’s owner had mishandled their health insurance premium contributions. M&A Stories May 22, 2023 Introduction: In a unique legal case,…
The buyer hires the seller’s owner to be its vice president of sales, under a 5-year employment agreement, with the buyer’s right to terminate for cause. The agreement also gave the buyer the right to fire the seller’s owner at…
The seller’s practice entered into a contract with a doctor employee who left after the closing. The seller promised in the contract to give the doctor any medical records of any patient that followed the doctor. The doctor sued the…
The restaurant owner unsuccessfully argued that the tenant’s right of refusal was not triggered because the owner was selling both the restaurant and the building. M&A Stories May 7, 2023 Introduction A buyer of a business frequently seeks the real…
The buyer concludes it overpaid for the business and stops making deferred purchase price payments. Both the trial and the appellate court conclude that the buyer breached the acquisition agreements. They order the buyer and its owner (as guarantor) to…
Recent Comments