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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.
January PMI Hits Record High Amid Strong Client Demand
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CBO Projects 4.6% Growth in 2021, Jobs Lag
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Ryder to Pay Employees to Get Covid-19 Vaccination
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PeopleShare Offers Student Debt Repayment Benefit to Employees
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Airlines Renew Job Warnings
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Free ASA Webinar This Month—Avoiding Antitrust Violations
The U.S. Department of Justice recently has brought criminal charges against companies for antitrust violations, so staffing firms and other companies need to ensure they have effective compliance programs. Find out which antitrust laws affect staffing firms and how to improve compliance in employment practices during the ASA webinar “Antitrust Enforcement Developments—What Employers Need to Know.” It takes place Thursday, Feb. 18, 3–4 p.m. Eastern time.
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.
New ASA Legal Line Video for Members: What a New Administration Means for Staffing
With a new president and new Congress, what legal changes are in store for the staffing industry? The ASA Legal Line monthly video series features a member of the association’s legal team and addresses critical legal, regulatory, and legislative topics that have direct implications for your business.
In the latest installment, ASA government affairs counsel Toby Malara discusses new bills that are expected to be introduced by Democratic leaders in Congress, and likely actions by the Biden administration.
Watch the update and join the conversation on ASA Central. The Legal Line monthly video series is brought to you by ASA corporate partner Essential StaffCARE.
Biden Will Pivot DOL’s Contractor Watchdog Back to Enforcement
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Sixth Circuit Strikes Down Contractually Shortened Limitations Period for Claims Under ADA, ADEA
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Covid-19: Two State Policy Reports, Jan. 28-29
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Vermont Businesses to See Decrease in Workers’ Compensation Insurance for Fifth Year in a Row
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December Construction Spending Varied by Sector
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