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Tricks and Traps in the Assumption of Liabilities in Transactions (teleseminar)
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When: 07/19/2016
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781

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One-hour CLE programs are just a phone call away
Convenient, affordable, timely and informative
An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

1 CLE hour

This program will provide you a practical guide to drafting for the assumption and limitation of liabilities in business and commercial transactions.  The program will cover the mechanics of assuming debt in a deal, how it is identified, negotiated and documented. The program will discuss the related issue of how “bad conduct” carve-outs in indemnification and other limitation of liability provisions can practically defeat limitations on liability if the carve-outs are not carefully drafted.  Successor liability in business transactions and techniques to avoid it will also be covered in detail. This program will provide a real-world guide to handling debt and liabilities in transactions – identifying liabilities, negotiating and documenting their transfer or other treatment, and avoiding successor liability. 

Drafting for the treatment of debt and other liabilities in business and commercial transactions 
Mechanics of identifying and documenting the assumption of liabilities
Common law theories of successor liability and techniques to limit it
Drafting “bad conduct” carve-outs in indemnification and limitation of liability
Practical risks of care-out language being over-expansive and defeating liability protection
Common mistakes in the treatment of liabilities in transactions


Steven O. Weise
is a partner in the Los Angeles office Proskauer Rose, LLP, where his practice encompasses all areas of commercial law. He has extensive experience in financings, particularly those secured by personal property.  He also handles matters involving real property anti-deficiency laws, workouts, guarantees, sales of goods, letters of credit, commercial paper and checks, and investment securities.  Mr. Weise formerly served as chair of the ABA Business Law Section. He has also served as a member of the Permanent Editorial Board of the UCC and as an Advisor to the UCC Code Article 9 Drafting Committee.  Mr. Weise received his B.A. from Yale University and his J.D. from the University of California, Berkeley, Boalt Hall School of Law.


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