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When a business is sold, in the majority of jurisdictions we have studied, the seller retains some employment responsibilities.
In many countries, the seller of a business will retain certain employment responsibilities, from meeting legal requirements to disputes with employees.
In 32 of the 49 countries we studied, there is ongoing responsibility between the old and new employer.
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.
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