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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.
Durable-Goods Orders Plunge in March
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Kansas City Fed: Manufacturing Activity Decreased Further
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Track Staffing Employment in Nearly Real Time
Temporary and contract staffing employment is 25.3% lower than a year ago due to the Covid-19 pandemic, according to the ASA Staffing Index.
Want to know more? Complete the five-question ASA Staffing Index survey, which takes less than two minutes to complete, and get updated information on industry trends. Staffing firms with U.S. operations can participate in the free weekly survey.
Participants receive a weekly email summary report—in addition to statistics by company size and access to historical data and dynamic charts.
Register today at americanstaffing.net/staffing-index.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending April 19.
1st Choice Personnel
Shreveport, LA
Action Staffing of Georgia
Roswell, GA
Apartment Solutions Inc.
San Antonio, TX
ATRIA Consulting
Hamilton, NJ
Bane Staffing
Dayton, OH
SilverChair Partners
New York, NY
Two Roads Professional Resources LLC
Washington, DC
Congress Supplements the Paycheck Protection Program and Emergency Fund
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Latest U.S. Small Business Administration Guidance on PPP Loans
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EEOC Issues Updated Covid-19 Technical Assistance Publication
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Georgia Begins Reopening Businesses
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Illinois Unemployment Benefits and Covid-19-Related Changes
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New North Carolina Unemployment Rules Contain Surprise Requirement for Employers
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