Most sophisticated commercial property owners hold their buildings in single-asset entities – thus, even in transactions where purchasers have valid post-closing claims against a defaulted seller, there can be little (if any) assets remaining in the seller’s name, leaving a purchaser with a worthless judgment. This program will explore some of the practical means of establishing post-closing recourse against property sellers, and increasing the likelihood of collecting on potential judgments.
Our discussion will address:
- Contractual protections;
- Possible rights and remedies at law;
- Equity outside of the four corners of the contract; and
- Piercing the corporate veil.
Can't make it in person? Join us by teleconference at 1.866.740.1260 and enter access code 3444571.
Click to register for "Post-Closing Recourse against Property Sellers – How to Avoid Kicking an Empty Can."