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Environmental Audits: Assessing Environmental Liability
Illinois Bar Journal, September 1989
By Douglass F. Rohrman and Michael J. Hoffman
ABSTRACT
As part of the due diligence process, buyers and sellers of businesses and real estate should now conduct environmental audits to uncover hidden liabilities. This article will identify risky transactions, discuss the importance of environmental audits to the Superfund law's innocent purchaser defense, and suggest ways that legal and engineering consultants can organize audits to uncover environmental exposure before closing.
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