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2023 Assuming liabilities/debt in transactions: Tricks and traps

Total Credits: 1.2 Self Study

Practice Area:
Business & Corporate |  Commercial / Collections / Consumer
Audio and Video


Recording available after original program date, 8/18/2023

This program will provide you a practical guide to drafting for the assumption and limitation of liabilities in business and commercial transactions.  The program will cover the mechanics of assuming debt in a transaction, how it is identified, terms negotiated and documented. The program will discuss the related issue of how “bad conduct” carve-outs in indemnification and other limitation of liability provisions can defeat limitations on liability if the carve-outs are not carefully drafted.  Successor liability in business transactions and techniques to mitigate its risk will be covered. This program will provide a real-world guide to handling debt and liabilities in transactions.

•    Identifying and documenting the assumption of liabilities
•    Successor liability and techniques to mitigate the risk
•    “Bad conduct” carve-outs in indemnification and limitation of liability
•    Risks of carve-out language being over-expansive and defeating liability protection
•    Mistakes in the treatment of liabilities in transactions

Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics, elimination of bias or Kansas credit.


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