OSHA (03/12/12)
The U.S. Occupational Safety and Health Administration says the entire work force is at risk if employees feel they cannot report illness or injuries. Under section 11 (c) of the OSH Act, employees’ ability to report work-related injuries or illnesses is considered a core employee right. Earlier this month, OSHA issued a new memorandum on this topic.
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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