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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.
U.S. Union Organizing, and Unions’ Election Win Rate, Is Surging, NLRB Says
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Record Share of NABE Panelists Reports Their Firms Raised Prices in Q2 2024
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AI Is a Worry for Many Workers and ‘Front of Mind’ for Employers, Manpower Says
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California Supreme Court Clarifies Discovery Limitations and Severability in Arbitration Agreements
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What Does New York City’s Expanded Antidiscrimination Protection Mean for Employers?
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Planning for a Catastrophe—Tips for Ensuring Proper Communications
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Construction Employment Increases in 35 States Between June 2023 and June 2024
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Three in 10 Employees Might Take Pay Cuts or Demotions to Survive Layoffs
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FTC Signals Major Changes to its Oversight of Franchise Relationships
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