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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.
Battle for Seasonal Staff Has Begun
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Find Out Who Staffing Employees Really Are—Read Staffing Success Magazine Now Online
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Pledge to Get Talent Back to Work
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New York Releases Updated Guidance on Expansion of State Human Rights Law
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New York Minimum Wage and Salary Threshold for Exempt Employees Set to Increase
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California Reduces Workers’ Compensation Rates
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Don’t Condition Return to Work on ‘100% Recovery’
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One Explanation for Weak Wage Growth: Workers’ Reluctance to Switch Jobs
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Trade War, Weaker Economy Are Among Reasons Wages Aren’t Rising Faster
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Six in 10 Workers Met With Mishaps When Starting a New Job
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