Jacksonville Business Journal (Florida) (07/07/2015)
Alluvion Staffing Inc. has acquired Reichard Staffing Solutions and RDW Professional Staffing. All three firms are based in Jacksonville, FL. The deal closed June 30.
Jacksonville Business Journal (Florida) (07/07/2015)
Alluvion Staffing Inc. has acquired Reichard Staffing Solutions and RDW Professional Staffing. All three firms are based in Jacksonville, FL. The deal closed June 30.
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.