Startup
Business Purchase Agreement
Arizona
Asked on Oct 18, 2023
What happens to ongoing litigation in a business purchase agreement?
I am in the process of purchasing a business and the current owners are involved in ongoing litigation. This litigation could have a significant impact on the value of the business and I want to understand how it is addressed in the purchase agreement. I am looking for advice on how to protect my interests and the potential risks related to the ongoing litigation.
1 Attorney answer
Answer
Startup
Arizona
Answered 353 days ago
Elizabeth A.
ContractsCounsel verified
Business Lawyer
Licensed in Arizona
Free Consultation
You should first decide what the hopeful outcome of the case is for you. So, if there is a favorable outcome then such and such should take effect by contract.
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