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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 Rise to Three-Week High, but Layoffs Still Extremely Low
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GDP in Fourth Quarter Trimmed Again
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CFOs Modestly Upgrade Economic Outlook Despite Labor Market, Inflation Concerns
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Electronic Arts Announces Layoffs
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Learn About Restrictive Covenants at the ASA Staffing Law Conference
The 2023 ASA Staffing Law Conference takes place May 18–19 at the Grand Hyatt Washington in Washington, DC. It’s the only event dedicated exclusively to the legal and regulatory issues facing staffing, recruiting, and workforce solutions companies, and will feature the session “Hands Off, They’re Mine! Protecting Staffing Agency Employees and Goodwill.”
The lifeblood of every staffing agency is its recruiters, account managers, temporary workers, and executives—and they are hard to find. It’s natural to want to protect your investment in them through nonsolicitation and noncompete agreements and other measures, but increased criminal and civil antitrust scrutiny, new laws limiting restrictive covenants, and other developments have made those measures risky. To avoid lawsuits and maintain goodwill, staffing agencies need to know what to do. Learn more about recent legal developments and about how to keep your agency compliant with the law in this important session.
Visit staffinglawconference.net to reserve your spot.
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:
- Disclosing candidates’ personal information to clients
- Licensure requirements for medical staffing
- Using Instagram as a recruiting tool
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.
Total Employment and Management to Pay $276,000 to Resolve EEOC National Origin, Retaliation Charge
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The Adverse Consequences of Workplace Racism
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Third Circuit Greenlights Deductions From Exempt Employees’ Paid Time Off Under the Fair Labor Standards Act
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Massachusetts Attorney General Issues Advisory on Maximum Rates for Temporary Staffing in Nursing Homes
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Utah Enacts Law Restricting Use of Vaccination or Immunity Status in Employment Decisions
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Generative AI Set to Affect 300 Million Jobs Across Major Economies
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