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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.
Omicron, Inflation Drive Down Growth Outlook
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Consumer Sentiment Falls Close to 10-Year Low on Inflation and Omicron Worries
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Supermarkets Cut Hours, Services as Omicron Infects Workers
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Some Big Companies Dispensing All the Covid-19 Tests Their Employees Need
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Participate in the ASA Quarterly Staffing Employment and Sales Survey
The association’s quarterly Staffing Employment and Sales Survey for the fourth quarter of 2021 is now open. The data collected by this survey enable ASA to track staffing sales and gross margin trends and provide direct hire metrics. Staffing companies that complete the brief survey—including search and placement firms—will have access to an exclusive report on the results, enhanced with graphs.
Participate in the Staffing Employment and Sales Survey by Feb. 25 to get the staffing industry information you’re looking for—visit americanstaffing.net/quarterly-survey for more information. There are no fees to participate.
Catch Up on Legal Issues Affecting the Staffing Industry—Read Staffing Law Digest
ASA members can now access the latest issue of Staffing Law digest as a digital edition. The issue includes articles about ASA resources on Covid-19 vaccine and safety requirements, the association’s multiyear partnership agreement with the U.S. National Institute for Occupational Safety and Health to advance protections for temporary workers, and more.
Access the current issue and back issues of Staffing Law digest, and other ASA digital publications, at americanstaffing.net/digital.
Employees Miffed by Your Monitoring of Company Devices? Give Notice Now
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Violations of Colorado’s Noncompete Statute to Become a Criminal Offense
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Connecticut Governor Announces Workers’ Compensation Rates Decrease
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Remote Work for High-Paying Jobs to Pick Up This Year
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Record Salaries Aren’t Stopping Associate Turnover ‘Crisis’
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