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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.
Free ASA Webinar Today—Finding a Way Through This Pandemic
Don’t miss the ASA webinar “Navigating the Pandemic Now—And Planning for the Future.” It takes place today from 2:30 to 4 p.m. Eastern time. Hear from a panel of industry veterans—including ASA chairman Leo Sheridan of Advanced Group—on how they’re managing operations through the pandemic and preparing for the eventual resumption of business.
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.
Check Out the ASA Research Brief Newsletter
ASA offers a valuable tool to meet the research and data needs of members. The ASA Research Brief enewsletter provides quick links to the staffing industry research and information you need, such as operations and compensation benchmarks, industry trends, staffing statistics by state, infographics on workforce trends, and much more.
The latest issue was sent to members last week. If you didn’t receive your ASA Research Brief, email research@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:
- National Volunteer Week
- Questions to ask when taking job orders during a pandemic
- Share your Covid-19 success stories
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.
EEOC Provides Guidance on Managing Disability and Accommodation Issues in the Age of Covid-19
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Be Prepared for OSHA’s Covid-19 Interim Enforcement Response Plan
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10th Circuit Upholds Hospital’s Rejection of Job Applicant Under ADA
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Texas Begins Reopening Businesses
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Temperature Screenings May Trigger the California Consumer Privacy Act’s Notice Requirements
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New York State Election Law Reverts Back to Two Hour Paid Time Off Requirement
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Virginia Enacts Three Bills on Employee Misclassification
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Defining Business in Louisiana Noncompetition Agreements Is Essential, Appeals Court Holds
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Health Care Workers, Teachers, and Public Safety Employees Experience Highest Jump in Predictive Job Volatility
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Technology Hiring Fares Better Than Other Industries Amid Pandemic
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