Buyer and Seller Beware: The Assignability of Contracts in the Context of M&A

It’s the morning of closing and excitement is in the air.  You are a few hours away from acquiring your first pest control company which will add a nice chunk of sales and technical expertise to your current operations.  So far, you’ve done everything by the book.  You and your advisors have negotiated a fantastic price for the target, you’ve completed extensive due diligence and your attorney has advised that all you need to do now is show up at the closing, sign a few documents and fund the deal. [Read more…]