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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.
Forecasters Predict Slightly Brighter Outlook for Growth and Labor Markets
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Cyberattack Is Likely to Keep Spreading
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New York Fed: Manufacturing Activity Leveled Off
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U.S. Retail Sales Rose 0.4% in April
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Consumer Sentiment Leaps in May
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Celebrate ASA Central Week: It’s MVC Monday
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Confidentiality Agreement Rule Poses New HR-Related Compliance Burden for Contractors
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A Single Racist Comment Can Create a Hostile Work Environment
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Marijuana Legalization: Effects on Employers
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Refresher: Employee Termination Law in California
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Understanding Employment and Labor Law in New Hampshire
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