Why Litigation Counsel Should Vet Asset Purchase Agreements and Business Sales

[@xXxXx44447]

Jpzzzy the bald headed meany back dropping gems!

[@clintonhelmke6073]

You know Jonathan i am so glad you spoke about this topic. It probably does not mean much to most lawyers but transactional and M&A lawyers should pay careful attention to what you are saying. I have been in a transaction where I was trying to advise business people and other deal lawyers about similar litigation risks that you discuss here. Both deal lawyers and business people looked at me like a leper at a nudist colony. They thought I was crazy and did not want to hear it. I was like you are not doing a 100 million deal with 10 million of litigation risk. You could make a business decision to assume that. Instead you are doing a 10 to 20 million deal with 10 to 20 million of litigation risk. To get any value out of this particular transaction you must 1) transfer the litigation risk to the buyer through clear explicit contract provisions and 2) ideally sell to someone who already has an abundance of this type of risk and thus it makes no difference to them if they assume a little more of the same risk. I might as well have been speaking Greek to them.

[@ShadowMind312]

I completely agree, sir!

[@user-jb1xp1ne9g]

Hey JP, did your Dentist pass away? Your mouf is looking really busted. Teef are missing, and your caps look busted. Do you need a number for a guy? 😂😂😂😂😂😂😂😂😂