In this video we discuss the definition of “knowledge” in a stock purchase agreement or an acquisition of a business. When you draft a contract to acquire a business, you’ll notice that the word knowledge is used often. This is important because the definition of knowledge affects your exposure to indemnity. If you have knowledge of something and there’s a problem, then the person who purchases your business may be entitled to indemnity, but if you don’t have knowledge, then they wouldn’t. A Denver business attorney at the McGuire Law Firm can help you sort this out and make sure you’re protected as much as possible in an asset purchase agreement.
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