In this episode of 7 Minute Takeover, Eamonn Gamble is joined by M&A lawyer Brad Schneider (Partner at Fasken) to demystify indemnities—one of the most critical protections in any business acquisition.Brad explains what indemnities are, why they’re included in almost every purchase agreement, and how buyers can use them to guard against post-closing risks like lawsuits, environmental fines, or unpaid taxes. He breaks down four essential deal terms every buyer should understand:The scope of indemnificationSurvival periods and how long protections lastThe use of escrow/holdbacksCaps and baskets to limit and qualify claimsBrad also shares a real-world example where indemnities saved a buyer from costly environmental fines—and gives final advice on what to look for (and negotiate) when reviewing your next definitive agreement.Whether you're a first-time buyer or knee-deep in due diligence, this episode will help you close smarter, safer deals.

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