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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.
U.S. Service Companies Expand Faster in July: ISM
MarketWatch (08/05/13) Jeffry Bartash
A recent study from the Institute for Supply Management reports that U.S. service-sector companies expanded at a faster pace last month. The ISM’s survey of purchasing managers rose to 56% in July from 52.2% the month before. Economists surveyed by MarketWatch had forecast a rise to 53.1%. Of the 18 industries tracked by ISM, 16 reported growth in July.
Has the Middle Class Found Its Mojo?
MarketWatch (08/05/13) Quentin Fottrell
While negative sentiments about the U.S. economy linger, Americans’ attitudes toward the economy have improved since last year. According to the “Citi Economic Pulse” quarterly survey from Citigroup global bank, Americans’ views of current and future economic conditions are the most positive they have been since 2009, particularly among those earning between $50,000 and $150,000. The confidence of those earning between $50,000 and $75,000 climbed 8 points, while that of those earning between $75,000 and $150,000 jumped 10 points. Confidence among those earning more than $150,000 or less than $50,000 remained the same.
The University of Michigan’s consumer sentiment index rose in July, but the Conference Board’s index of consumer confidence dropped slightly during the same period. Unemployment remained at 7.6% in June, but home values rose in June compared with June 2012.
Free ASAPro Webinar This Month—Understanding Employee Handbooks
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ASAPro Webinar This Month—Do You Need Employee Handbooks?
Should your firm develop employee handbooks and written policies for your corporate employees as well as for your temporary and contract employees? Find out during the ASAPro webinar “The Employee Handbook—Do I Really Need One for Corporate Staff and Contract Workers?” Thursday, Aug. 22, 3–4 p.m. Eastern time. Attorney Diane Geller of Gentry Locke Rakes & Moore LLP will explore the pros and cons and explain the fundamentals of drafting a comprehensive employee handbook.
ASAPro webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASAPro webinars for FREE.
Join ASA Today and Save
Among the top benefits of joining ASA right now is instant access to the most credible, industry-specific information available regarding the Affordable Care Act and what staffing firms need to be doing right now to prepare. Plus, ASA members receive a discounted rate when registering for Staffing World® 2013, Oct. 8-10 in Orlando, where ASA will deliver even more ACA-related information especially for staffing firms.
Join ASA today and start reaping the benefits. Contact the ASA membership team at 703-253-2020 or asa@americanstaffing.net.
At-Will Language Held to Violate the National Labor Relations Act
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Synthetic Drugs Pose Problems in Workplace Drug Testing
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The Conference Board Employment Trends Index Continued to Increase in July
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Signs of Slowdown in U.S. Health Care Hiring Emerge
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10 Jobs Created by Obamacare
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Survey: Finding Capable Employees Is Greatest Management Hurdle for Small Businesses
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