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Setoffs as a Tool in Business Litigation: How They Work and Why They Can Get Complicated

Here’s a hypothetical scenario: Anna, who owns a marketing agency, wants to sell her business and retire. She finds a buyer, Herb, who first showed an interest in the agency a while back, when he hired Anna as a consultant to his own firm. Since Herb can’t afford to pay for Anna’s agency in cash, the two parties enter into a loan agreement. Herb will make monthly payments of principal […]

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