The Purchase and Sale of a Business
Program Number
Program Date
CLE Credits
This program examines the purchase and sale of a business. As the end game of any transaction is the contract, the program opens with a brief discussion on contract preparation. It then examines the four stages of the acquisition of a business: first, pre contract considerations attendant to the three types of acquisition: asset purchase, stock purchase, and merger; second, pre-acquisition-agreement documents including letters of intent, term sheets and confidentiality agreements; third, the acquisition agreement, itself, including, among others concerns, warranties and indemnities; and finally related documents and concerns including shareholder arrangements, employment contracts and opinion letters. The program also addresses two anomalous New York statutes that bear on the acquisition of a privately-held corporation or an LLC that does business in New York.
May 20, 2024
The Federal Trade Commission has issued a rule banning non-compete clauses in employment contracts. The rule is being challenged in the courts, including a law suit by the U.S. Chamber of Commerce. Further, please check the laws on non-compete provisions in those jurisdictions applicable to the employment agreement.
Available in States
- California
- Colorado
- Georgia
- New Jersey
- New York
- Texas Self Study
Program Categories
- Banking & Finance Law
- Business Organizations & Contracts
- Contracts
- Employment & Labor Law
- Federal Courts
- Financial Regulatory
- Legal Research and Writing
PROGRAM CREDITS
- Areas of Professional Practice : 1 Credit
