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Calendar

12/5/2016
UNL: Negotiation Ethics

12/5/2016
Adding a New Member to an LLC (Telephone)

12/5/2016
How to Draft a Bad Contract (Webinar)

12/6/2016
Estate Planning for Real Estate Part 1 (Telephone)

Successor Liability in Transactions (Telephone)
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The general rule is that when a buyer takes ownership of an asset it takes ownership only of the asset and not also the liabilities or other obligations of the seller, unless those other liabilities are explicitly assumed. But there plentiful exceptions to the general rule that tag the buyer with substantial liability for the debt or other obligations of the seller’s business. This liability can dramatically scuttle the basic economic assumptions of the parties entering the sale.

6/14/2016
When: Tuesday, June 14, 2016
12:00 PM - 1:00 PM

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MCLE Accreditation
Nebraska Activity #124690, 1.0 hour CLE

The general rule is that when a buyer takes ownership of an asset it takes ownership only of the asset and not also the liabilities or other obligations of the seller, unless those other liabilities are explicitly assumed. But there plentiful exceptions to the general rule that tag the buyer with substantial liability for the debt or other obligations of the seller’s business. This liability can dramatically scuttle the basic economic assumptions of the parties entering the sale. This program will provide you with a real world guide to identifying the risks of successor liability in various transactions, including liability under common and statutory law, special bankruptcy and foreclosure issues, and discuss drafting techniques to limit or eliminate the risk of successor liability.

  • Successor liability in asset purchases in ordinary and major business transactions
  • Fact patterns giving rise to successor liability – business continuation, de facto mergers, fraud, product line continuation
  • Buyer liability at UCC Article 9 foreclosure sales
  • Successor liability under federal employment and environmental statutes and under state sales/use tax law
  • Special issues in buying property out of bankruptcy
  • Drafting techniques to limit or eliminate the risk of liability

John Murdock is a partner in the Nashville office of Bradley Arant Boult Cummings, LLP, where his practice includes business acquisitions and dispositions, commercial lending, and commercial law generally. He is a member of the Commercial Financial Services Committee of the ABA Business Law Section and formerly served as chair of its Lender Liability Subcommittee. He is also a Fellow of the American College of Commercial Finance Lawyers. Mr. Murdock received his B.S., magna cum laude, from Vanderbilt University and his J.D. from Vanderbilt University Law School.



To Register:
Cost $89.00

http://ne.webcredenza.com/catalog.aspx?browse=ViewProg&catid=22508

  • Click on abo9ve link
  • Click “Login to add to cart” button at the bottom of the program page
  • This will take you to the log in page, FIRST time users will need to create a user name and password that is separate and distinct from any information you may have used for the Nebraska State Bar website
  • Please be sure to use the attorney name and contact information of the person who is to receive the CLE credit
  • Once completed click “Update & Proceed to Payment”
  • The final step is to click “Submit Payment”
  • At this point you will receive an email confirmation of the purchase
  • The day before the Program you will receive the dial in information and program materials
  • We will submit the program participation information to the Nebraska State Bar Association within 48 hours of the program completion

If you need additional information on your CLE credits please contact:
Sara Weber, Nebraska State Bar Association
(402) 475-7091 ext # 131; sweber@nebar.com

Nebraska State Bar Association, 635 S. 14th St., Suite 200, Lincoln, NE 68508
(402) 475-7091; Toll Free (800) 927-0117; FAX (402) 475-7098