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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.
BLS: Staffing Employment Rises in May
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U.S. Department of Labor Announces Next Step Toward Better Connecting Transitioning Service Members Skills With Employers’ Needs
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Don’t Miss the Virtual ASA Staffing Connect Next Month
ASA Staffing Connect: East and Staffing Connect: South have merged into one virtual event—ASA Staffing Connect. The two-day event will take place July 15–16.
Choose the education track that fits your job level—Executive or Producer—and take part in sessions that address the challenges staffing professionals face right now, such as the rise of virtual teams, selling during and after Covid-19, maintaining a healthy company culture in person and online, and how to effectively communicate in a crisis.
ASA-certified professionals can earn continuing education hours toward their certification renewal. Learn more and register at americanstaffing.net.
Take Advantage of Special Offers From Industry Suppliers
During these challenging times, several ASA supplier companies are extending discounts to ASA members or offering special products and services to help staffing firms maintain their operations. Visit asamarketplace.net/special-offers to review the available offers.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending May 31.
Asheville Staffing Resources Inc.
Asheville, NC
Competitive Edge
Apopka, FL
Consulting for Architects Inc.
New York, NY
Halcyon Resource Group Inc.
Greensboro, NC
Innovative Talent Solutions
Raleigh, NC
Jungle Trux Inc.
Vancouver, WA
Titan Staffing Systems
Passaic, NJ
Tricom Quest
Gardena, CA
California Affirms That Staffing Firms May Avoid Liability if Agencies Do Not Participate in Work Site Employer’s Employment Decisions
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Employers Must Post Certain Notices Upon Reopening in Orange, San Diego, and Los Angeles Counties
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Oregon’s Minimum Wage to Increase: How Employers Can Prepare for New Payment Obligations During a Pandemic
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Local Minimum Wages in California Set to Increase
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Small Business Labor Market Weakens in May
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Job Cuts Announced in May Due to Covid-19, Market Conditions
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Majority of Small Businesses Now Fully or Partially Open
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