The equipment was secured by a seller debt. As part of the deal the seller leased the encumbered equipment to the buyer. After seller repossession, the buyer unsuccessfully claimed that it owned the equipment. M&A Stories February 28, 2023 Introduction…
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BUYER FACES $279K CLAIM FROM SELLER’S UNION IN ASSET PURCHASE OF CONCRETE MANUFACTURER
The buyer knew about the seller’s union debt before closing. The fight is over whether the concrete manufacturing business of the buyer after the closing was substantially the same as the seller’s concrete manufacturing business. M&A Stories January 17, 2023…
BUYER’S RIGHT TO DISPLAY EXPIRED COPYRIGHTED PHOTOGRAPHS ACQUIRED IN GROCERY CHAIN ASSET PURCHASE FROM BANKRUPTCY
Bankruptcy court held that the buyer purchased the assets free and clear of any copyright interests held by the photographer supplier. M&A Stories October 3, 2022 Introduction In a recent bankruptcy case, a buyer who acquired assets from a bankrupt…
BUYER LOSES PURCHASED MEDICAL INSURANCE RECEIVABLES IN PHYSICIAN PRACTICE ACQUISITION
The court held that the seller creditor could garnish the receivables because the buyer’s ownership of them would not vest until the buyer had received its license from the state of Florida M&A Stories September 2, 2022 Introduction When acquiring…
Negotiating M&A Deals: Buyer’s Duty in the Spotlight
Explore the complexities of M&A negotiations and the legal implications of buyer’s duty in this informative blog post. Learn from a real-life case reference. M&A Stories May 13, 2019 Introduction: Selling a business involves several stages. A potential buyer typically…
Posted in asset purchase agreement, Duty to negotiate in good faith Tagged with: Acquisition Agreement, asset purchase, business purchase, Business Transactions, Buyer's duty, case reference, CKSJB Holdings, confidentiality agreement, Delaware and California imply a duty of good faith and fair dealing, due diligence, earnout, Good Faith Negotiations, Inc., legal implications, Legal outcome, letter of intent, LLC v. EPAM Systems, M&A negotiations
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