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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.
Aon: U.S. Employer Health Care Costs Projected to Increase 9% Next Year
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Illinois Attorney General Reaches $1.5 Million Settlement With Temporary Staffing Company Over Use of No-Poach and Wage-Fixing Agreements
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Federal Court Orders Staffing Company to Stop Employing Children Illegally After DOL Investigation
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U.S. Weekly Jobless Claims Unexpectedly Fall
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GEE Group Announces Results for the Fiscal 2024 Third Quarter
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New York Fed: Manufacturing Activity Declines Slightly
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U.S. Industrial Output Falls for First Time in Four Months in July
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Maine Can Now Order Employers to Pay Workers Damages for Missed Wages
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New Reproductive Health Care Privacy Final Rule: Key Compliance Steps and Dates
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