Staffing employment is up 4.2% from February 2011 to February 2012, according to the ASA Staffing Index. The index for February is 87, up one point from the 86 reported for January. Typically, staffing employment peaks between mid-November and mid-December, after which it dramatically declines for several weeks before turning upward in mid-January. Since the beginning of 2012, staffing employment has grown 15.8%, according to the index.
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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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