Background:
Our client, who operated a successful professional services business, was acquired in a transaction that closed earlier this year.
Challenges:
The transaction included a detailed working capital reconciliation structure, meaningful intellectual property transfers, as well as significant post closing earn out provisions. Moreover, a number of the seller’s employees were transitioned to positions with the buying entity. Lastly, there were a number of contracts that were assigned to the buying entity.
Result:
The transaction was successfully closed and the parties continue to operate a successful business.
Theodore M. McGinn
Shareholder
“The parties negotiated the terms and conditions in the closing documents in a thorough manner and ultimately an acceptable agreement was executed.”
Contact Ted McGinn to discuss your legal needs.
847-705-7555 or tmcginn@lavellelaw.com.
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