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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.
Aerotek Separates Into Independent Operating Companies Under Allegis Group
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Yoh Divests Part of Starpoint Solutions
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Labor Shortage Remains a Challenge for Small Businesses as Inflation Increases
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Consumer Prices Surged in June, Topping All Estimates
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Free ASA Webinar Today—Improve Your Cash Flow
Don’t miss the ASA webinar “How to Stabilize Your Cash Flow Without Incurring Debt.” It takes place today from 3 to 4 p.m. Eastern time. Find out how accounts receivable services can help your firm stabilize cash flow between contracts so you can grow your business.
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 ASA Webinar Tomorrow—Make the Most of Your Membership
Don’t miss tomorrow’s ASA webinar “Maximize Your ASA Membership,” 3–3:30 p.m. Eastern time. Learn how to make the most of the professional development opportunities, legal and legislative resources, benchmarking data, marketing tools, and other benefits of your association membership.
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.
SBA Drops ‘Loan Necessity’ Review for PPP Loans of $2 Million and Over
The U.S. Small Business Administration has announced it will no longer require “loan necessity” information from borrowers with Paycheck Protection Program loans of $2 million or more, according to a report published yesterday in the Journal of Accountancy. ASA and other business groups strongly challenged the requirement, which obligated borrowers to submit documents supporting the certifications of necessity made when they first applied for their loans. The changes are effective immediately, but SBA is expected to issue a FAQ with more details.
President Biden Issues Executive Order Seeking to Ban or Limit Noncompete Agreements
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ADA Reasonable Accommodations Need Not Violate the Law
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Oregon OSHA Issues Temporary Heat Rule
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More Than Half of U.S. Companies Plan to Add New Positions in Second Half of 2021
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Staffing Shortage Causing Loss of Sales for Some Small Businesses
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CEO Confidence Rebounding to Multiyear High
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