Contaminated Properties - Selling and Buying

Environmental contamination often is discovered in the process of buying and selling property. Ice Miller's environmental, corporate and real estate attorneys work together to protect our clients in the course of such transactions. Ice Miller has represented buyers and sellers of contaminated properties on numerous occasions, providing them business and legal advice to help identify risks, assess future liabilities, retain environmental consultants to perform assessments or remediation, and negotiate favorable contracts to limit liability.

For instance, we have negotiated escrow arrangements to ensure adequate funds to complete a cleanup, assisted in obtaining environmental insurance to finance environmental cleanups, worked with governmental entities through state and federal brownfields programs, and negotiated release and indemnification provisions to transfer liabilities to other parties involved in the transaction.