San Diego Union-Tribune (04/19/12) Jonathan Horn
A new survey by Internet career site Snagajob found that more hiring managers plan to fill summer job openings quickly this year. Almost 25% of the 1,000 hiring managers surveyed said they intend to hire all of their seasonal employees by the end of March; another 23% said they expect to hire seasonal employees by the end of April. Seventy-nine percent of the jobs should be filled by the end of May.
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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