Is it common to reference a purchase agreement in an employment offer letter?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Is it common to reference a purchase agreement in an employment offer letter?
I work for company A which is being acquired by company B. I received an
employment offer from company B that has a reference to the asset purchase
agreement. Is that common practice or necessary? If so, should I ask to receive
a copy of the purchase agreement to review along with the employment offer?
Asked on May 7, 2019 under Employment Labor Law, California
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
While we can't comment if it is common in your particular industry, it is not generally common--I have not seen this done, and I have been involved in several corporate acquisitions (on both the buy and sell side). We cannot say whether it is necessary: that depends on what the employer is truying to accomplish by the reference. We can say that if the asset purchase agreement is referenced in the employment offer, you should review it, or at least the relevant portion[s] thereof (e.g if it says "this offer shall become effective only after the effective date of the Asset Purchase Agreement, all you need see are those provisions relating to the effective date).
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.