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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.
Weekly Jobless Claims Fell Sharply Last Week; Producer Prices Increased in September
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Fed Lays Out Plan to Reduce Bond Purchases, Flags Inflation Worries
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Boeing Will Require Its 125,000 U.S. Employees to Be Vaccinated Against Covid-19
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Hobby Lobby Hiring 11,000 Seasonal Employees and Raising Part-Time Wages
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Take Advantage of ASA Resources—Get Employees Back to Work Safely
As part of a global endeavor to help employees return safely to work amid the pandemic, ASA has launched the Safely Back to Work initiative to lead efforts in the U.S. The initiative and new website at americanstaffing.net/safelybacktowork is based on the association’s work with the World Employment Confederation, Adecco Group, ManpowerGroup, and Randstad NV.
The result is an online collection of safety-focused resources for employers and a high-profile pledge to the safety of all employees who are returning to job sites. ASA urges all of its members to download and use the free resources and take the pledge.
- Download the ASA Safely Back to Work Best Practice Protocols, which include 77 measures to help further employee safety in different industry sectors and work environments.
- Download the Covid-19 Safety Checklist, developed specifically for staffing company use by the law firm Seyfarth Shaw.
- Take the Safely Back to Work Pledge to show your company’s commitment to the health and welfare of your corporate and temporary and contract employees.
Once you submit your pledge to safety, your name and company name will appear in a real-time leaderboard on the page. Share your commitment on social media channels and encourage your colleagues to do the same. The Safely Back to Work site provides a variety of graphics for use on Twitter, Facebook, LinkedIn, and ASA Central. Use the hashtag #SafelyBackToWork and tag @StaffingTweets.
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:
- Applying for the Employee Retention Tax Credit
- Foreign workers eligible for tax exemptions
- Sourcing recruiters
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.
OSHA Again to Require Employers to Electronically Submit OSHA 300 Logs and 301 Reports
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Ohio Supreme Court Reaffirms Employer’s Right to Raise Voluntary Abandonment
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Colorado Law May Govern Noncompete Despite Choice-of-Law Provision
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Idaho’s Workers’ Compensation Rates Decreasing for 2022
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As Talent War Heats Up, Report Offers Recommendations for Finding and Keeping Top-Tier Workers
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Return of Office Workers Reaches Pandemic High as Employees Trickle In
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