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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.
Jennmar Acquires G&R Gas Services
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U.S. Jobless Claims Rise to Highest in Nine Months, Led by California
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Wholesale Prices Unexpectedly Fell 0.2% in May
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Federal Reserve Sees Some Progress on Inflation but Envisions Just One Rate Cut This Year
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Free ASA Webinar Today—Complying With Corporate Transparency Regulations
Don’t miss the ASA webinar “Corporate Transparency Act for Staffing Agencies.” It takes place today from 2 to 3 p.m. Eastern time. Mitzi Hill with Taylor English Duma will explain how the Corporate Transparency Act of 2024 applies to staffing businesses.
All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
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:
- Artificial intelligence for candidate screening
- Supporting the next generation of staffing entrepreneurs
- Using offshore recruitment services
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.
Honolulu Restaurant and HR Company to Pay $115,000 in EEOC Sexual Harassment Lawsuit
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Guarantee of Fraction of Total Compensation Does Not Meet FLSA Salary Requirements
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California’s New Drug Testing Rules Protect Employees’ Off-Duty Cannabis Use
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NJ Labor Department Announces Municipal Prevailing Wage Threshold Rises to $19,375 on July 1
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Maryland’s Legislative Session Brings Substantial New Obligations for Employers
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Reminder: Chicago Employers Must Comply With City’s Harassment Training Requirements by June 30 Deadline
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Express: 41% of American Job Seekers Can’t Be Themselves at Work
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ManpowerGroup: 55% of Employers Predict Increased Hiring Amid AI Adoption
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