Aug. 26, 2021
Topic: Legal Pitfalls in Pest Control
Guest: Mark Ruff, attorney, MHR Law
In this episode we discuss:
The importance of reporting conducive conditions and what else a PMP can do to reduce potential liability
The issues with bundled services, the contracts for them and the technician training and licensure needed
Mark's advice when it comes to non-competition/non-solicitation agreements at pest control companies
How it's important to have sign-able non-competes before you decide to sell your business
Other labor issues Mark runs into, including commissions, harassment law suits and the importance of employment practices liability insurance (EPLI) if you can afford it
Mark's take on how a broker being a CPA can result in a better M&A process and deal for the seller
How critical it is in M&A to hire experts with experience and relationships in the pest control industry
What a PMP needs to understand about representations, warranties and indemnification obligations when drafting purchase agreements
His take on holdbacks and earnouts in M&A deals
Resources mentioned:
President's Biden's effort to limit noncompete agreements: Executive Order on Promoting Competition in the American Economy
Episode 28 with HR consultant Jean Seawright
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