The labor market remains hot as layoffs continued to decline in the latest week, despite fears of a slowdown in the U.S. economy. New jobless claims dropped by 5,000 to 213,000 in the week ended Sept. 10, according to the U.S. Department of Labor. Jobless claims have declined for five consecutive weeks and are at the lowest level in 15 weeks. Economists surveyed by the Wall Street Journal had estimated new claims would total 225,000.
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.
Home