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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.
Jobless Claims Reach Six-Week High in Wake of Hurricane Ian
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CEO Confidence Deteriorated Further Heading Into Q4
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Core U.S. Inflation Rises to 40-Year High
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Intel Is Planning Thousands of Job Cuts in Face of PC Slump
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Dollar Tree and Family Dollar Hiring Thousands of Workers
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Free ASA Webinar Next Week—California Pay Transparency Law
A new California law, effective Jan. 1, expands the scope of the state’s existing pay transparency laws and will extend pay data reporting requirements to many staffing companies. These pay data requirements will require staffing firms to prepare now. Find out what preparations your firm should be making during the ASA webinar “California’s New Pay Transparency Law: What Staffing Firms Need to Do NOW.” It takes place Thursday, Oct. 20, 2–3 p.m. Eastern time.
All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
Staffing World Will Deliver Connections, Content, and Magic
Staffing World®, the ASA annual convention and expo, returns to Las Vegas in October. You don’t want to miss your chance to make strategic connections and get solutions to fuel your growth and success—and see Earvin “Magic” Johnson in person when he delivers the opening keynote presentation.
Staffing World 2022 takes place Oct. 25–27 at the MGM Grand in Las Vegas. The Advance Program is available now, and session descriptions are online.
Visit staffingworld.net for more information and to register.
The Latest From Your Colleagues on ASA Central
ASA Central—the dynamic online community just for staffing professionals—is home to more than 27,000 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:
- Benefits for temporary employees
- Licensing requirements for nurse staffing agencies
- Using TikTok to attract candidates
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.
Plaintiff Prevails in First BIPA Class Action Jury Trial
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Employers Should Anticipate Significant Rise in Minimum Wage Rates Tied to Inflation
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Washington Employment Security Department Issues New Rules for Long-Term Care Fund WA Cares
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San Francisco’s OLSE Issues FAQs for Public Health Emergency Leave Ordinance
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Labor Forecast Predicts 6.2% Increase in Demand for Temporary Workers for 2022 Fourth Quarter, Signaling Continued Tight Labor Market Ahead
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Inflation Pressure Prompts a Quarter of Americans to Seek Holiday Season Temporary Jobs
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Companies Hoarding Workers Could Be Good News for the Economy
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