Economic activity continued to expand in all 12 districts during the reporting period spanning late May, June, and early July, according to the Federal Reserve Board’s latest report on regional economies (known as the “beige book”). Overall consumer spending increased in every district. Manufacturing activity also expanded in all 12 districts. Labor market conditions improved, with all districts reporting slight to moderate employment growth. Conditions in the staffing services industry across the districts were unchanged or improved modestly compared with the previous survey period. Several districts continue to report difficulty finding skilled workers, causing upward wage pressure for those positions.
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.
Home