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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.
Jobless Claims Sink in Sign of Improving Labor Market
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CEO Confidence Retreated in Q3, but CEOs Remain Optimistic
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Kroger Family of Companies to Hire 20,000 Associates
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Find Pay Rate Benchmarks for Your Area
Find employment and wage estimates for nearly 800 occupations nationwide, by state and by metropolitan statistical area, with the newly updated ASA Temporary Help Wage Tool—now available as an easy-to-download Excel file.
Use the tool to develop a picture of the temporary help services industry and inform strategic decisions. To get more information and download the tool, visit americanstaffing.net/wage-tool.
Have You Used Your Staffing Promo Tool Kit Lately?
All ASA members have access to a host of free resources designed to help them answer frequently asked questions. Get marketing resources that will help your clients and candidates understand the value of using a staffing company—including infographics, member logos, social media tactics, sector-specific FAQs for clients and talent, slide presentations, and much more—in the ASA Staffing Promo Tool Kit.
You can customize the FAQ documents with your company logo, incorporate them into client presentations, or provide them to candidates during the interview process. Get them in the ASA Staffing Promo Tool Kit at americanstaffing.net.
The Latest From Your Colleagues on ASA Central
ASA Central—the dynamic online community just for staffing professionals—is home to more than 20,000 staffing professional profiles and countless ongoing industry conversations.
This week, take a look at your colleagues’ discussions and some of the blogs they’ve posted on ASA Central:
- Backup records for payroll forms
- Developing a safety training program
- When to consider a temporary employee to be a rehire
Get involved with the community—update your profile today so you can network with colleagues, join a section community, recommend and comment on your colleagues’ posts, and share your own blog or discussion post. Log in to ASA Central now.
FMLA Does Not Prohibit Termination for Failure to Comply With Call-in Requirements
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Agencies Issue Covid-19 Vaccine Incentive Guidance
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Predictions and Prevention of Covid-Era Workplace Harassment
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Tesla Ordered to Pay More Than $130 Million in Damages to Black Former Worker
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Cal/OSHA’s ETS Self-Quarantine Requirements Slightly Relaxed for Asymptomatic, Unvaccinated Workers Based on New CDPH Guidance
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NY HERO Act Update: Safety Plans Must Remain in Place
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Job Cuts Tick Up
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September Shift Work Shrinks, Further Delaying Recovery
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Lack of Engineers Keeping Some Firms Out of the Cloud
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