Indemnification Tools When Buying or Selling a Business
There are several ways to broaden or limit indemnification provisions in your purchase and sale agreement. We discuss a few of the tools (caps, baskets, carve-outs, and escrow accounts) below. Caps Indemnification provisions can expose both parties to unlimited liabilities and risks. One indemnification tool is an indemnification cap. Indemnification caps are contractual provisions that …
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