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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.
Alexander Hughes Acquires DSML Executive Search
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IPE Ventures Acquires U.K. Businesses of Staffing 360 Solutions
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Lexitas Acquires Medical Legal Reproductions Inc.
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Online Labor Demand Decreases Slightly in January
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Small Business Owners’ Expectations for Higher Sales Declined in January
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Participate in the ASA Quarterly Staffing Employment and Sales Survey
The association’s quarterly Staffing Employment and Sales Survey for the fourth quarter of 2023 will close next Friday. Staffing companies that complete the brief survey—including search and placement firms—will have access to an exclusive report on the results, enhanced with graphs. The report, which participants can download from the ASA website, also includes an executive summary, plus sales category and sector-level data.
The data collected by this survey enable ASA to track staffing sales and gross margin trends and provide direct hire metrics. Participate in the Staffing Employment and Sales Survey by Feb. 23 to get the staffing industry information you’re looking for.
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.
Little-Known FMLA Facts: Lesser-Known FMLA Traps
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Prehire Personality Tests Set Legal Challenges for Employers
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Reminder: Michigan’s Repeal of Right-to-Work Became Effective Feb. 13
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Minnesota Law Prohibits Employers From Inquiring Into Applicants’ Pay History
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Workforce Investment Priorities in 2024
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Majority of Business Leaders Say Return-to-Office Has Improved Productivity
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Some 37% of Employees Looking for a New Job in 2024
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