Employer And Employee Rights When Selling A Business

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http://www.devrylaw.ca/toronto-lawyer-meghan-ferguson Meghan Ferguson

When selling a business with employees, there are some rights and obligations to employees that must be followed in order to ensure a smooth closing, and to avoid potential litigation after the sale of the business. Sometimes when a business is sold, the employees become part of the sale of that business in the transfer of ownership. When employees are terminated because of the sale of a business, that can potentially become very expensive, and therein lies the potential for litigation.

Another issue that can also make the sale a little more tricky and requires complete understanding is whether or not the workforce is unionized before the sale of the business. There are different rights and obligations associated with each scenario, and each one requires different clauses and representations in the agreement of purchase and sale.

Watch this episode where real estate agent Joe Terceira interviews employment lawyer Meghan Ferguson of Devry Smith Frank where they will discuss employer and employee rights in the sale of a business.

For more information on employment law or if you're looking for an employment lawyer contact:
Meghan Ferguson, B.A., LL.B.
Devry Smith Frank LLP
Phone: 416-446-3343

Fantastic Properties For Sale In Mississauga, Brampton, Milton, Oakville, & Toronto
Visit: http://JoeTerceira.com
Joe Terceira / Sales Representative
Phone: 647.494.0244

Employer And Employee Rights In The Sale Of A Business
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