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.
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Help Advance the Industry by Volunteering With ASA—Deadline Next Week
ASA is currently seeking dedicated members for volunteer committees and councils so it can continue to provide timely, valuable resources to members. Apply for a volunteer opportunity to work directly with other members, learn about workforce trends and best practices, and build on your experience to become a thought leader with the association.
Log in to ASA Central and visit the volunteer page to find an opportunity that fits your interests. The deadline to apply is Oct. 31.