Staffing employment for the week of July 6–12 was 94.34, according to the ASA Staffing Index. Temporary and contract staffing employment increased 1.27% from the prior week, and was 2.99% lower than the same week last year. Survey respondents attribute the increase to an upswing in hiring after the Independence Day holiday.
This week, containing the 12th, will be used in the July monthly employment situation report that will be issued by the U.S. Bureau of Labor Statistics Aug. 7.
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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