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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.
BANKW Staffing Acquires Johnson & Hill Staffing
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Jobless Claims Fall to Lowest Level Since April
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Economy Grew a Sturdy 2.9% at the End of 2022, GDP Shows, but Don’t Look for a Repeat Soon
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Durable-Goods Orders Jump 5.6%
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Get Your Staffing Benchmarks and Projections
The association’s quarterly Staffing Employment and Sales Survey for the fourth quarter of 2022 is now open. Staffing companies that complete the brief survey by Feb. 24 receive an exclusive report on the results, which includes gross margin and sector-level data.
Register to take the survey, or view the questionnaire, at americanstaffing.net/quarterly-survey. If you have questions or did not receive a survey link, email research@americanstaffing.net. There are no fees to participate.
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:
- Business review meetings with clients
- Cancellation fees for clients
- Performance metrics for recruiters
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.
Wholesale Bakery Company and Its Staffing Providers Cited for Wage and Hour Violations
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AI and Machine Learning in the Workplace: Preparing for 2023
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Workplace Investigations: What Is ‘Bullying’?
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Carbon Monoxide Continues to Menace Winter Workplaces
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Cal/OSHA Reminder: Post 2022 Annual Summary of Work-Related Injuries and Illnesses on Feb. 1
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Demand for Cybersecurity Workers Remains Strong
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Great Resigners Are Satisfied in New Roles That Offer Upskilling and Growth
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