If you attended the ASA annual convention and expo, you will receive a Staffing World survey via email. Please watch for that email and take a moment to share your Staffing World experience and observations. Your feedback will help ASA continuously improve its offerings and events. Plus, everyone who completes the survey will be entered to win a cash prize. See the survey email for details.
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.