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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.
Construction Firms Add 25,000 Jobs in July
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Great Resignation 2.0: Nearly 3 in 10 Workers Plan to Quit by End of 2024
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U.S. Factory Orders Down by 3.3% in June
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Provisions Group Acquires Hammrtech
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BLS: Staffing Employment Declined in July
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S&P Global: New Orders Decrease for First Time in Three Months
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NFIB: Main Street Compensation Plans Fall as Labor Costs Grow
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When Social Media Posts Become Workplace Harassment
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Employer Did Not Violate Illinois Privacy Law for Firing Worker Testing Positive for Cannabis
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