The ASA Staffing Law Conference takes place today and tomorrow at the Gaylord National Resort & Convention Center in metro Washington, DC. If you can’t be at the conference, find out what’s happening on Twitter by following ASA (@StaffingTweets) and checking the ASA #StaffingLaw Conference hashtag for live updates and news.
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.