Staffing employment in January is 4.0% higher than it was in January 2011, according to the ASA Staffing Index, and 7.5% lower than it was in December 2011. The index for January is 86, down seven points from the 93 reported for December. Typically, staffing employment peaks somewhere between mid-November and mid-December, after which it plummets unfettered for several weeks before turning upward in mid-January.
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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
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