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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.
Beige Book: Economic Growth Retreats Significantly Amidst Pandemic; Businesses Report Severe Employment Cuts
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Jobless Claims Soar Again as Coronavirus Pushes Unemployment to 15%
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Philly Fed: Manufacturing Activity Declines in April
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Small-Business Aid Package Excludes Many Franchises in Coronavirus Crisis
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Free ASA Webinar Today—Keeping Relationships Strong at a Distance
Don’t miss the ASA webinar “Maintain Powerful Relationships in a Global Pandemic.” It takes place today from 3 to 4 p.m. Eastern time. Find out how to cultivate strong relationships with internal employees, clients, and candidates in this new—virtual—environment.
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.
Make the Most of the ASA Website—Read Staffing Success Magazine
Have you seen the powerful new search engine and other new features at americanstaffing.net? The myASA Workspace is a powerful new tool that lets association members choose, save, and receive the information they need and want most. In the March–April issue of Staffing Success magazine, get an overview of the upgrades and find out how to make them work for you.
Access the current issue and back issues of Staffing Success, and other ASA digital publications, at americanstaffing.net/digital.
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:
- How a staffing company can qualify for a nursing agency license
- Requesting emergency paid sick leave
- What one firm learned after receiving funds under the Paycheck Protection Program
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.
Pennsylvania Mandates Unemployment Benefits Notice to Employees
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What North Carolina Employers Need to Know About Unemployment Benefits
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San Francisco and San Jose Provide Emergency Paid Sick Leave to Cover FFCRA Coverage Gaps
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Ohio Employers Approved to Receive Funds to Help Overcome Covid-19
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State Notice Requirements for Employee Pay Reductions
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Despite Covid-19 Economic Fallout, Many Companies Have No Intention of Making Adjustments to Salaried or Hourly Staff
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