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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.
Private Sector Employment Increased in December
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Workers Quit Their Jobs at Record Pace in November
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Hourly Earnings Growth Ends the Year at a New High; Job Growth Also Continues at Small Businesses
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Sharp Upturn in Service Sector Business Activity, but Labor Market Presents Challenges
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Goldman Sachs Follows Wall Street Rivals in Asking Staff to Work From Home
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Start the Year With Critical Data on Employment Trends—Participate in the ASA Staffing Index Survey
Looking for real-time data on staffing employment? The ASA Staffing Index reports weekly changes in the number of people employed in temporary and contract work, now including data on staffing starts (new assignments). The data will help your firm evaluate its performance against a national metric on both a weekly and long-term basis.
All staffing firms with U.S. operations are invited to participate in the ASA Staffing Index survey. Every Tuesday, participants receive an email with the results of the weekly survey, including figures by company size, and access to historical data and new dynamic charts. These data, which are not available anywhere else, allow staffing firms to compare how their business is doing on a weekly basis relative to similarly sized firms in the industry. There are no fees to participate in the five-question survey.
Don’t get stuck with outdated or unreliable data—sign up to participate in the ASA Staffing Index and receive the most up-to-date information about the staffing industry. For more information about the index, visit americanstaffing.net/staffing-index.
Did You Remember to Make Necessary Changes to Comply With New 2022 State and Local Wage and Hour Laws?
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CDC Issues Guidance for Employers to Address Possible Marijuana Use by Drivers
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New Year’s Update on New York Covid-19 Measures
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New California Covid-19 Rules Depend on Booster Status
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Minnesota Adopts Federal Covid Shot-or-Test Employer Mandate
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Businesses Set Their Sights on Growth in 2022 Despite Ongoing Challenges
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