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Home Q&A Forum What happens to ongoing litigation in a business purchase agreement?

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 270 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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