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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.
Business Activity Growth Slowest in Three Months Amid Rise in Virus Cases
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Jobless Claims Fall Slightly, Layoffs Still High
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Free ASA Webinar This Month—Using Noncompete and Nonsolicitation Agreements
Can employers in your state use noncompete or nonsolicitation agreements to retain employees? Find out what your firm needs to know about using restrictive covenants in employment agreements during the ASA webinar “Guardians at the Gate: How to Use Restrictive Covenants to Protect Your Assets.” It takes place Thursday, Jan. 21, 3–4 p.m. Eastern time. Sponsored by Essential StaffCARE.
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.
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:
- Commission and bonus structure for recruiters in industrial staffing
- Company statement on Covid-19 vaccinations
- Compensation for training and orientation
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.
IRS Reverses Stance on Deducting Expenses Under PPP
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U.S. Department of Labor Announces Final Rule to Clarify Independent Contractor Status Under the Fair Labor Standards Act
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Covid-19: State Policy Report, Dec. 31, 2020,-Jan. 4, 2021
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Employers Have Limited Extension for Payment of Social Security Taxes
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DOL Issues Opinion Letters Regarding Pay Calculations for Teleworkers, In-Home Caregivers
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OSHA Issues Covid-19 Prevention Guidelines for Cleaning Staff
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Managing the Employment Relationship in Massachusetts
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Covid-19 Impact on Nurse Staffing
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