The ASA Staffing Law Conference is the only program dedicated to the legal issues affecting the staffing and recruiting business. The 2013 conference attracted a sold-out crowd, so don’t get shut out of next year’s event, May 21–22 in Washington, DC. It will take place at the Omni Shoreham Hotel, which is currently accepting hotel room reservations.
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.