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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.
Signature Technology Group Announces the Acquisition of Global Resources’ Technical Recruiting Division
PR Web (12/17/13)
Phoenix-based Signature Technology Group, a provider of data center services, has announced the completion of its acquisition of Global Resources’ Technical Recruiting and Deployment Services division.
Key Inflation Measures Remain Weak as Fed Meets
Wall Street Journal (12/17/13) Eric Morath
The consumer price index advanced 1.2% in November year-to-year, according to the U.S. Department of Labor, while the consumption expenditures price index increased 0.7% in October year-to-year, according to the U.S. Department of Commerce.
Both numbers are below the U.S. Federal Reserve’s 2.0% inflation target and demonstrate soft consumption and wage growth. These numbers may delay the Fed’s decision to slow its stimulus program. Some economists say the Fed could announce a slowing of its bond-buying program today due to an improving labor market and the recent federal budget deal.
Add Value to Your Client Relationships and Increase Loyalty
Giving superior customer service can increase loyalty and client retention rates. One way to provide that extra-special service is to be well versed in employment and labor law. If you can make clients aware of their employment obligations and responsibilities, you may help them avoid legal missteps that could result in costly legal proceedings—demonstrating your commitment to them and solidifying your relationship.
The Certified Staffing Professional®, Technical Services CertifiedSM, and Certified Search ConsultantSM credentials can enhance your competency in and knowledge of labor and employment law. The facts obtained through these certification programs can help protect staffing professionals and their clients from making potentially costly mistakes.
Listen to a recording of the ASAPro webinar “Gain a Competitive Advantage With ASA Certification” on ASA Central—it’s free for ASA members. This webinar dives into new opportunities for certified individuals—including the new CSCSM credential—offers insight into how ASA certification benefits you and your staffing firm, explains the study preparation tools that may best suit your learning style, and much more.
Get certified in five easy steps:
- Purchase the study materials.
- Review the study resources provided with your choice of CSP®, TSCSM, or CSC exam package.
- Take the practice exam to identify your areas of weakness.
- Review pertinent portions of the study materials.
- Retake the practice exam to see if your score improved.
Protect yourself and your clients by purchasing the study materials at americanstaffing.net and getting certified today.
Temporary Worker Dies at Amazon Facility
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ASA, OSHA Continue Meetings on Temporary Worker Safety
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Today: Listening Session on Mobile Access to E-Verify
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State Minimum Wage Increases for 2014
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Lawsuit Raises FCRA Fears
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Many Americans Afraid to Report Injuries on the Job, Says New FindLaw.com Survey
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Forget Third-Quarter Productivity Surge; the Longer Trend Is Worrisome
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Uptick in Wage Growth Likely in 2014, WTI Shows
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