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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.
Index of Leading Economic Indicators in U.S. Increases 0.5%
Bloomberg (01/24/13)
After holding steady in November, the Conference Board Leading Economic Index for the U.S. edged up 0.5% to 93.9 last month, fueled in part by an improvement in initial unemployment insurance claims. Although housing has turned positive for growth, manufacturers’ new orders and capital spending remain depressed. “The latest data suggest that a pickup in domestic growth is now more likely, compared to a few months ago,” says Ken Goldstein, an economist at the Conference Board.
Other economists weighed in as well. “There’s a potential for much stronger growth at some point as we take up a lot of the slack but we just don’t see it coming about anytime soon,” says Scott Brown, chief economist at Raymond James & Associates in St. Petersburg, FL. “There’ve been issues with the election, the fiscal cliff, and now the debt ceiling, all these uncertainties weighing on the market.”
Prepare for Industry Corporate Social Responsibility Awards
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Free ASAPro Webinar—Successful Sales Techniques for 2013
Which sales methods work best today? How should staffing professionals educate clients on how to buy staffing services?
John A. Thomas, CTS, CSP, vice president of partner development for Nextaff, will answer these questions during the ASAPro webinar “Reaching the Decision Maker—Successful Sales Techniques for 2013,” Tuesday, Jan. 29, 3–4 p.m. Eastern time. Learn about the tools and techniques that some of the most successful sales professionals use today to uncover prospects and close more sales with current and new clients.
ASAPro webinars are free for ASA members and qualify for continuing education hours toward ASA certification renewal. Register online at americanstaffing.net.
What ASA Member Benefits Are You Missing Out On?
The benefits of ASA membership cover so many aspects of your business that the association has created the Membership Matters page to give you a quick and comprehensive look at all the resources that could be at your fingertips right now.
Among the top benefits of joining ASA today: free ASAPro webinars and more than 150 free courses for your entire staff. ASAPro webinars qualify for continuing education hours toward ASA certification renewal.
For additional information, contact ASA at 703-253-2020 or asa@americanstaffing.net.
Record Number of Whistleblower Cases Filed, Resolved by OSHA in Fiscal 2012
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Managing Employee Absenteeism and ‘Presenteeism’ During Flu Season, a Recurring Challenge
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Healthcare Costs, Taxes Worry U.S. Small Businesses Most
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More Americans Delay Retirement, Keep Working
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Why Old Age Could Kill American Unions
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