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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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.
DOL Cites Hattiesburg Poultry Facility After 16-Year-Old Worker Suffers Fatal Injuries
Fisher Phillips Hosts FP PeopleLaw Conference Next Week
Staffing industry partner Fisher Phillips will host the FP PeopleLaw Conference next week in Rancho Palos Verdes, CA. The legal conference for the professional employer organization, staffing, and gig economy industries will bring together thought leaders in the staffing industry, as well as peers in the PEO and gig economy industries, to discuss common legal challenges and solutions.
Presenters include Fisher Phillips’ Staffing and PEO Practice Group lawyers and industry association executives, including ASA general counsel Brittany Sakata. For more information and to register, visit fisherphillips.com.