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…
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A BADLY DRAFTED EMPLOYMENT AGREEMENT WITH SELLER’S OWNER ENDS UP IN COSTLY LITIGATION BETWEEN THE BUYER OF SELLER’S BUSINESS AND SELLER’S OWNER
Posted in Problem with seller owner's competition, problems with seller's employees Tagged with: Appellate court decision, Buyer-seller disputes, Employment agreement, Employment contract, Employment termination, Litigation costs, M&A litigation, Non-competition covenant, Seller's owner, Termination for cause
Business Buyer’s Fraud Claim Fails: Understanding the Case of Ironwoods Troy v. Optigolf
No fraud: business seller’s rosy projects were just “puffery” and the buyer failed to perform due diligence. M&A Stories April 12, 2022 Introduction: In the world of business acquisitions, legal disputes may arise when a purchased business fails to perform…
Buyer’s Failure to Timely Pay Results in Lost Acquisition Opportunity
Explore a case involving a missed payment deadline in a business acquisition agreement and the legal consequences that followed. Learn how a buyer’s failure to adhere to agreement terms can lead to significant consequences in mergers and acquisitions (M&A). M&A…
Posted in failure to make timely purchase price payment, rescission Tagged with: Acquisition Agreement, agreement terms, Appellate court decision, breach of agreement, Breach of contract, business deals, business relationships, buyer's delay in payment, Inc., Inc. v. Canbushack, legal conflict, Legal consequences, M&A, Mergers and Acquisitions, Michigan state court, missed payment deadline, negotiation dynamics, Trillium Cyber
Seller Claims Confidentiality Breach Costs It $12.7 Million in M&A Case
Explore the legal repercussions of a breach of confidentiality in an M&A deal. Learn from the Cargotec Corporation v. Logan Industries case and the potential pitfalls sellers face when sharing sensitive information with potential buyers. M&A Stories January 8, 2019…
Posted in damages, diminuation of value, lost profits, nondisclosure agreement, nondisclosure provision, strategic acquisition, strategic acquisition Tagged with: Appellate court decision, Cargotec Corporation v. Logan Industries, Confidentiality clause in M&A, Confidentiality risk in due diligence, Legal battle in M&A, Loss in M&A deal, M&A case study, M&A confidentiality breach, Offshore equipment acquisition, Seller's legal rights
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