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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.
Job Gains in U.S. Small Businesses Continue in June
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Fed Chair Jerome Powell: U.S. Inflation Is Cooling Again
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Nevada Raises the Minimum Wage and Redefines ‘Exempt’ Employees
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Hawaii: State and Federal Laws Increase the Minimum Salary Requirements for Exempt Employees
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Washington, DC, Enacts New Wage Transparency Law
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BLS: American Time Use Survey Sheds Light on Work Arrangements
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MGMA Releases New Benchmarks for Health Care Worker Compensation
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Toptal Acquires Growth Collective
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S&P Global: New Orders Rise for Second Month Running in June
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