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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.
Industrial Output Picks up in July
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Fed Officials Weigh Ending Asset Purchases by Mid-2022
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Nurses Flee Hospitals for High-Paid Travel Jobs After Year of Covid-19 Care
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ALDI Plans to Hire, Increase Wages Ahead of Holiday Season
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Network in Your Niche—Virtually
As your staffing firm faces new challenges and tries to answer unexpected questions, are you dealing with questions that are specific to your sector of the staffing industry? Get insight from industry peers during a sector-specific peer networking call where you can discuss top-of-mind challenges and devise solutions. Calls are facilitated by volunteers from ASA section communities (participants will not receive official legal updates or guidance regarding Covid-19).
Get the full schedule and register at americanstaffing.net:
- Office–administrative section: Tuesday, Aug. 24, 1–2 p.m. Eastern time
- Search and placement section: Wednesday, Aug. 25, 1–2 p.m. Eastern time
- Engineering, IT, and scientific section: Thursday, Aug. 26, 1–2 p.m. Eastern time
- Staffing compensation section: Thursday, Aug. 26, 1–2 p.m. Eastern time
- Health care recruiter compensation section: Wednesday, Sept. 1, 1–2 p.m. Eastern time
- Direct hire compensation section: Thursday, Sept. 16, 1–2 p.m. Eastern time
- Industrial section: Tuesday, Sept. 21, 1–2 p.m. Eastern time
- Professional–managerial section: Wednesday, Sept. 22, 1–2 p.m. Eastern time
- Health care section: Thursday, Sept. 23, 1–2 p.m. Eastern time
Networking calls are open to members of ASA sections, which are sector-specific communities that provide resources, webinars, town hall forums, and sector-specific news for member companies and their employees. To join a section, update your profile on ASA Central.
How Do Candidates Feel About Their Job Prospects?
Eight in 10 job candidates (80%), both active and passive seekers, foresee working for a new company in the next 12 months—despite, or possibly due to, the economic uncertainty caused by the coronavirus pandemic in the U.S.—according to the 2020 Candidate Sentiment Study by ASA and its corporate research partner, ClearlyRated. The data from the survey, among other results, reveal a sense of optimism about employment and job-related opportunities as the nation continues to fight Covid-19.
The Candidate Sentiment Study also sheds light on candidates’ perceptions regarding how they look for jobs (online vs. offline resources), the reasons why they decide to leave a job, and their experiences partnering with staffing agencies―with distinct differences reported among generations, industry sectors, races/ethnicities, and genders. A report of the survey findings is available for purchase—get more information at americanstaffing.net/candidate-sentiment-study.
Take Advantage of Bonus Professional Development Content From ASA
When you commit to earning the ASA Certified Staffing Professional®, Technical Services CertifiedSM, Certified Search Consultant®, or Certified Health Care Staffing Professional® credential, you’ll also receive access to more than 20 on-demand professional development Knowledge Bites—free.
Knowledge Bites are three- to five-minute videos on a variety of subjects, from search engine optimization to emotional intelligence, and much more. These topics are not covered on the credential exam—this is bonus content from ASA and its trainers, coaches, and industry volunteers.
Purchase your ASA credential exam package today to take advantage of bonus Knowledge Bites videos.
Keep Mental Health Parity Compliance Documentation at the Top of Your Compliance to-Do List
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Do You Have Your Electronic Signature Solution in Place?
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Third Circuit Joins Seventh Circuit in Holding Paid Leave May Be Required During Military Service
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Philadelphia Implements New Mask Mandate Two Months After Lifting Mask Restrictions for Businesses Not Mandating Vaccines
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Delta Variant Drops Small-Business Confidence to Lowest Level Since March
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Hybrid Work Will Vary by City, Company Size, and Job Type Postpandemic
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Nearly a Third of U.S. Workers Under 40 Considered Changing Careers During the Pandemic
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