Business transactions occur against an evolving landscape of environmental concerns. Many deals go forward, however, with boilerplate environmental clauses, imprecise definitions of key terms, incomplete indemnities, and only a vague understanding of the key environmental risks. Overly narrow clauses may expose a buyer or seller to the very risk they were trying to avoid. Overly broad clauses may cover unintended events, needlessly prolong negotiations, and create unnecessary ill-will among the parties.
In this webinar, Seyfarth Shaw’s environmental group has distilled the universe of environmental concerns into the top ten issues that anyone engaged in a business transaction should consider.
Topics covered will include:
- How to use risk-avoidance and risk-shifting tools to reduce environmental issues to manageable proportions.
- What you really need to know about the “bona fide prospective purchaser defense.”
- How the form of a transaction affects environmental liabilities.
- The important distinctions between environmental terms commonly used in transaction documents.
- Why Superfund liability is no longer the chief environmental risk; and
- Why vapor intrusion is something to be concerned about.
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