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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.
Lawful Products Statutes Complicate Employers’ Response to Employees’ Claims of CBD Use
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New Ruling Impacts Paid Leave and Minimum Wage in Michigan
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California Employers Face Rules, Penalties for ‘Enterprise-Wide and Egregious’ Violations
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Minnesota Adopts New Rules for Parental Leave and Recordkeeping Starting Aug. 1
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Job Cuts Remain Low While Hiring Falls
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Labor Forecast Predicts 9.2% Decrease in Demand for Temporary Workers in 2024 Third Quarter
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CBIZ to Acquire Marcum
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ADP: Private Sector Employment Increased by 122,000 Jobs in July
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Compensation Costs Increased by 0.9% in June
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