Join ASA in celebrating the first birthday of its dynamic members-only online community. Because of members like you, ASA Central has been a huge success. There are more than 20,000 industry professionals on ASA Central, who have posted more than 1,500 discussion topics and more than 150 blogs in the first year. Visit ASA Central—and tell ASA what you think about the community’s first year.
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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