Absolutely spot onŠ Šand yet you've GOT to love the high level of journalism on evidence from the YEP: "Legal experts say an indemnity clause is a standard feature of most deals involving the sale of a business."
On the one hand: "No shit, Sherlock." On the other hand, "an indemnity clause" may well be "a standard feature of most deals involving the sale of a business." Absolutely, but indemnity against what? I feel quite confident that Cuddly Ken would happily indemnify them against the perils of a hangnailŠ. Michael A. Gardiner LAW OFFICES OF MICHAEL A. GARDINER 110 West ³A² Street, Suite 950 San Diego, CA 92101 Phone: 619.238.9800 Fax: 619.814.3727 E-mail: [email protected] Confidentiality Notice: This electronic mail transmission, including any attachments, is privileged and confidential and is intended only for review by the party to whom it is addressed. It may contain attorney client or attorney work product privileged and confidential information. If you have received this transmission in error, please notify the sender immediately by return e-mail and promptly delete this e-mail, including any attachments, without reading or saving them in any manner. Unintended transmission shall not constitute waiver of the attorney-client or any other privilege. On 9/5/12 4:00 AM, "[email protected]" <[email protected]> wrote: > >Date: Tue, 4 Sep 2012 13:13:11 +0100 >From: "Nigel Sykes" <[email protected]> >To: <[email protected]> >Subject: Re: [LU] TOMA >Message-ID: <[email protected]> >Content-Type: text/plain; charset="us-ascii" > >> Buyers want Ken to sign an indemnity against any future skeletons in >closets that might turn up >> Ken refuses, telling the buyers (correctly IMO) to use the due diligence >process to go through >> the books properly. Hence progress is slow. > >You can understand their concern though - if it was me, and given the >complex web of shell companies etc. that seem to own Leeds one way or >another, I'd be convinced that I'd sign on the dotted line and then find >out >that I'd just spent millions on a small shack in the Cayman Islands! > >Nigel >(The Dublin one) _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
