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.
Partners Personnel Acquires Chartwell Staffing
BLS: Staffing Employment Eased in September
NFIB Jobs Report: Unfilled Job Openings Increased in September
Flexport Plans to Lay Off 30% of Workforce
ASA Headquarters Closed Oct. 9
In observance of Indigenous Peoples’ Day (Columbus Day), ASA will be closed Monday, Oct. 9. Staffing Today will be delivered as usual.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending Oct. 1.
Aspired Solutions Inc.
Atlas Workforce LLC
Kansas City, MO
Excel Staffing Services
The FirstHand Group LLC
Heber City, UT