ASA will soon launch a powerful online resource that will change how staffing companies access industry supplier information and make important purchasing decisions. ASA Marketplace, a feature-rich, interactive, searchable website, will allow users to find supplier products and services in various categories by using a host of tools. Stay tuned for more information about the ASA Marketplace. There’s never been anything like it in the staffing business.
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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