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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.
Fed’s Powell Holds Fast to ‘This Year’ Timeline for Bond-Buying Taper
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Nike Closes Offices for a Week to Give Employees a Mental Health Break
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Free ASA Webinar Tomorrow—Direct Hire Staffing
Don’t miss tomorrow’s ASA webinar “ASA Direct Hire Staffing Series, Part 2: Getting a Deal to the Finish Line,” 3–4 p.m. Eastern time. In the second session of the direct hire staffing webinar series, presented by the ASA search and placement section, find out why deals fall apart and learn the secrets to ensuring that your deals make it to closing.
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.
ASA Encourages Members to Support Hurricane Ida Recovery
The devastation caused by Hurricane Ida in Louisiana and neighboring states is significant, and it will likely take months for those affected to recover—if not longer.
This is a developing situation, and ASA will be working with members in the days ahead to assess how staffing firms have been affected, what they need, and how the industry can assist with recovery efforts.
In the meantime, ASA members are encouraged to consider donating to the American Red Cross in support of Hurricane Ida rescue and relief efforts.
Attend the Annual Membership Meeting at Staffing World—It’s One Month Away
ASA members are encouraged to attend the association’s annual membership meeting, held in conjunction with Staffing World® 2021. The meeting will be held as part of an insightful Super Session focused on leading in precarious times, which takes place Wednesday, Sept. 29, from 8:30 to 10 a.m. Mountain time.
Staffing World, the ASA annual convention and expo, is where the staffing community reunites to get strategies for coming back better than ever after a year of disruption. It all happens Sept. 28–30 at the Gaylord Rockies Resort & Convention Center in Denver. Get more information and register online at staffingworld.net.
NIOSH Teams With ASA to Promote Temporary Worker Safety and Health
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Ninth Circuit: How Much Time to Budget for Getting Through Security?
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Illinois Governor Announces Mask Mandate for All Indoor Settings, Regardless of Vaccination
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New Jersey Cannabis Regulatory Commission’s Rules Do Not Address Standards for Workplace Marijuana Testing
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Top CEO Pay to Increase Up to 40% in 2021
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High Pay for Covid-19 Nurses Leads to Shortages at Some Hospitals
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Sales Organizations Increasing Sales Roles, Technology, Training Investments
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