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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.
Louisiana Becomes Latest State to Prohibit Nondisclosure Clauses Related to #MeToo Claims
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New Data Shows U.S. Employers and Workers at Odds on Skills Development
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Construction Firms Add 27,000 Jobs in June
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Fewer Americans Are Changing Jobs
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U.S. Factory Orders Unexpectedly Fall in May
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California Gov. Signs Budget Bill Putting Health Care Minimum Wage on Pause
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Essential Summer Work Safety Practices for Employees
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What Ohio Employers Need to Know as Legal Marijuana Sales Begin
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U.S. Judge Partially Blocks FTC Ban on Worker Noncompete Agreements
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