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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.
Powell Says Economy Still Needs Fed Support, Pushes Back on Inflation Worries
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California Governor Signs $7.6 Billion Stimulus Package
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Free ASA Webinar Tomorrow—Filing Taxes After Taking a PPP Loan
Don’t miss tomorrow’s ASA webinar “Tax Implications for Employers That Received Paycheck Protection Program Loans,” 3–4 p.m. Eastern time. Find out about recent changes to government regulations relating to Paycheck Protection Program loans and learn how receiving a PPP loan might affect your 2020 and 2021 taxes.
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.
Free Compliance and Safety Webinar Next Week for Texas Staffing Firms
Get up-to-date information about legal and legislative issues specific to working in Texas during
the ASA Texas Network: Free Compliance and Safety Webinar. The virtual meeting takes place Tuesday, March 2, 2–3 p.m. Central time.
Representatives from the U.S. Department of Labor’s Wage and Hour Division and U.S. Occupational Safety and Health Administration’s San Antonio office will discuss compliance with the Fair Labor Standards Act, current Covid-19 guidelines, and other topics relating to protecting the health and safety of workers.
ASA State Networks allow members to engage in discussions about issues, challenges, opportunities, and trends with their local peers. Visit americanstaffing.net to learn more and to register for an event near you.
Get Important Legal Information to Protect Your Business
All staffing professionals and their clients need to know the facts about co-employment—the relationship between a staffing firm and its client in which each has legal rights and duties with respect to the same employees. Help your employees and your clients by giving them the book that explains this evolving area of federal employment law.
The ASA book Co-Employment: Employer Liability Issues in Third-Party Staffing Arrangements was revised in 2019. Now in its ninth edition, and available in print and as an ebook, it explains how staffing firms and clients can mitigate employment-related risks. View the contents and an excerpt online at americanstaffing.net.
A ‘Culture of Concealment’—Scrutinizing Overbroad NDAs
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Major Employment Laws Effective as of January 2021 and Beyond
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Covid-19: Two State Policy Reports, Feb. 19-22
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Understanding How the California Family Rights Act Works for Pregnant Employees
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Temporary Jobs Are Here to Stay as Part of Postpandemic Workforce
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Three in Four Americans Admit They’re ‘Hibernating’ or ‘Sheltering-in-Job’ Right Now
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Cover Letters Still Important to Majority of Hiring Professionals
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