
The Truth About Indemnity, Reps & Warranties
Selling your business is supposed to be the reward for years of hard work—but many owners are shocked to learn that the deal isn’t truly “done” at closing. Even after signing the purchase agreement, transferring ownership, and cashing the check, you may still be legally and financially responsible for claims long after you’ve walked away. The reason lies in three critical provisions buried in nearly every purchase agreement: indemnity, representations, and warranties.