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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.
Consumers’ Short-Term Inflation Expectations Increase; Labor Market Expectations Improve Further
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OSHA: Whistleblowers to Play Key Role in Enforcing Vaccine Mandate
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American Airlines Offers Bonuses, Higher Pay for Peak Holiday Hours
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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.
Avoid Unnecessary Risks in Client Agreements
Staffing companies should not assume risks related to their client’s business and should not take on liability for the client’s own products and services.
To help staffing companies address indemnity issues, ASA has published resources such as a risk philosophy document you can share with clients, suggested contract language, articles, a presentation slide deck, and more—get them in the ASA Indemnity 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:
- Marketing messages for the staffing industry
- Recruiting outside traditional work hours
- Tactics for reducing short-notice cancellations
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.
DOL, NLRB, and EEOC Align to End Retaliation, Promote Workers’ Rights
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Employers Likely Responsible for Paying for Covid-19 Testing Under Oklahoma Law
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56 Million Reasons Employers Should Watch the NLRB
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OCR Issues Clarifying Guidance on HIPAA, Covid-19 Vaccinations, and the Workplace
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69% of Companies Say It’s Impossible to Offer All the Benefits Employees Want
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The Rude Workplace: Korn Ferry Survey Shows Professionals Less Civil Than Prepandemic
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