Georgia Plating Technology, LLC Dvest, LLC and Jin Kim v. Alabama Plating Technology, LLC (appeal from Chambers…

Summary

The court held that the sellers were deemed to have agreed to indemnify the buyer for claims involving inoperable assets, environmental liabilities, and unpaid accounts payable because they failed to object in reasonable detail within the contractual twenty-day period. It also held that the buyer properly exercised its contractual setoff rights and was entitled to recover reasonable attorneys' fees and legal expenses as the prevailing party. The court reversed and remanded the rulings denying relief on the inoperable-assets claim and attorneys' fees, while affirming the rulings concerning environmental and accounts-payable indemnity and refusing to accelerate the remaining installment payments.