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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.
ASGN Reports Fourth Quarter and Full Year 2019 Results
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Jobless Claims Edge Up
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Consumer Prices Higher in January, but Inflation Still Low
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Coronavirus Likely to Hit First-Quarter U.S. Growth
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Free ASA Webinar Today—Safety for Shipyard Workers
Don’t miss the ASA webinar “OSHA’s Safety and Health in Shipyard Employment Bulletin.” It takes place today from 3 to 4 p.m. Eastern time. Get an overview of the U.S. Occupational Safety and Health Administration’s guidance on protecting the health and safety of temporary workers in shipyard employment.
All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
Staffing World 2020: Online Registration Now Open
ASA delivered a reimagined Staffing World® experience last year—featuring more targeted content and diverse learning formats than ever—and attendees responded with rave reviews.
This year’s ASA annual convention and expo will build on that success as it rolls into Music City with its best offerings yet. Online registration is now open for Staffing World 2020, Oct. 20–22 at the Gaylord Opryland Resort & Convention Center in Nashville. Visit staffingworld.net for more information, and register early for the best rates available.
Avoid Unnecessary Risks in Client Agreements
Staffing companies should not assume risks related to their client’s business and should not take on liability for the client’s own products and services.
To help staffing companies address indemnity issues, ASA has published resources such as a risk philosophy document you can share with clients, suggested contract language, articles, a presentation slide deck, and more—get them in the ASA Indemnity Tool Kit at americanstaffing.net.
The Latest From Your Colleagues on ASA Central
ASA Central—the dynamic online community just for staffing professionals—is home to more than 20,000 staffing professional profiles and countless ongoing industry conversations.
This week, take a look at your colleagues’ discussions and some of the blogs they’ve posted on ASA Central:
Get involved with the community—update your profile today so you can network with colleagues, join a section community, recommend and comment on your colleagues’ posts, and share your own blog or discussion post. Log in to ASA Central now.
Quit or Fired? North Carolina Employees May Qualify for Unemployment Benefits in Equivocal Situations
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Young Workers Seek Mental Health Accommodations, Employers Try to Keep Up
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