Selling a business: Successor employer’s unexpected liability

By Nikolay Chsherbinin ( August 17, 2020, 2:25 PM EDT) -- Employment contracts are contracts of personal services. They cannot be transferred from one employer to another without the parties’ consent. If an employer sells its business and a purchaser hires its employees there is a risk that the employees’ periods of employment with the vendor and purchaser could be stitched and, consequently, augment the successor employer’s financial liability....
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