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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.
Resources Connection Inc. Reports Third Quarter Results for Fiscal 2019
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Eliassen Group Acquires Project One
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Jobless Claims Touch Lowest Level Since 1969
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Solid Upturn in Services Activity, but Business Expectations Drop to Lowest Since December 2017
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CEO Confidence Increased Slightly in Q1
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DOL Announces New Tool to Help Employers Understand Mental Health Issues and Create Supportive Workplaces
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Get the Industry Data You Need—ASA Quarterly Survey Now Open
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The Latest From Your Colleagues on ASA Central
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Massachusetts Department of Family and Medical Leave Publishes Draft Paid Family Leave Regulations
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New Jersey Becomes First State to Require Employers to Offer Pretax Transportation Fringe Benefits
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Four More Franchisors Agree to Drop No-Poach Clauses and DOJ Weighs in on Class Actions Alleging Antitrust Violation
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March Job Cuts Add to Highest Quarterly Total Since Q3 2015
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For the First Time in Eight Years, Small Businesses Cut Jobs Two Months in a Row
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