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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.
Purple Ink and InvigorateHR Merge
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BLS: Staffing Employment Edged Down in December
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NFIB: Small Businesses Struggle to Increase Workforce
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Walmart to Hire Over 3,000 Drivers as It Expands Home Delivery
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Walmart Halves Paid Leave for Covid-19-Positive Workers
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Network in Your Niche—Virtually
As your staffing firm faces new challenges and tries to answer unexpected questions, are you dealing with questions that are specific to your sector of the staffing industry? Get insight from industry peers during a sector-specific peer networking call where you can discuss top-of-mind challenges and devise solutions. Calls are facilitated by volunteers from ASA section communities (participants will not receive official legal updates or guidance regarding Covid-19).
Get the full schedule and register at americanstaffing.net:
- Industrial section: Tuesday, Jan. 18, 1–2 p.m. Eastern time
- Professional–managerial section: Wednesday, Jan. 19, 1–2 p.m. Eastern time
- Health care section: Thursday, Jan. 20, 1–2 p.m. Eastern time
- Search and placement section: Monday, Feb. 22, 1–2 p.m. Eastern time
- Office–administrative section: Tuesday, Feb. 23, 1–2 p.m. Eastern time
- Engineering, IT, and scientific section: Thursday, Feb. 24, 1–2 p.m. Eastern time
Networking calls are open to members of ASA sections, which are sector-specific communities that provide resources, webinars, town hall forums, and sector-specific news for member companies and their employees. To join a section, update your profile on ASA Central.
Get Ready for the Year Ahead With Insights From the New Staffing Industry Playbook
The highly anticipated Staffing Industry Playbook, an annual economic analysis of the staffing industry, was recently released by ASA. The playbook provides data-driven information and insights that are critical to strategic planning and business development—in a user-friendly format—so you can understand the U.S. staffing and recruiting industry during the current economic disruption and evaluate where it’s headed.
You can also get a look at the major takeaways from the Staffing Industry Playbook in the most recent installment of the Staffing STATS webinar series (sponsored by Essential StaffCARE), available as a free ASA On-Demand webinar.
Plus, download charts and figures to share with clients and the media—visit americanstaffing.net/playbook.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending Jan. 2.
Gravywork
Falls Church, VA
Maintec Technologies Inc.
Raleigh, NC
Masterson Staffing Solutions
Plymouth, MN
Staffing Solutions Enterprises Inc.
Mayfield Heights, OH
Working Fields
Williston, VT
New York Governor Extends Mask Mandate Through Feb. 1
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New York State’s Updated Interim Isolation and Quarantine Guidance
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New Minimum Wage, Paid Leave Changes Take Effect in Massachusetts
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Workers’ Compensation Rates Continue to Dip in Louisiana
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Portland Hazard Pay to End on Jan. 13
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In 2021, Employers Announced Fewest Job Cuts on Record
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Korn Ferry: Half of Professionals Say They’ll Never Go Back to Office Full-Time
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