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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.
ManpowerGroup: Global Hiring Intentions Hold Steady From Q2, Drop Year-to-Year
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Kelly: Businesses Fail to Unlock the Full Potential of Their Employees
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Glassdoor Employee Confidence Index: Stubbornly Unsteady
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Connecticut Enacts Nurse Licensure Compact
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Cognizant to Acquire Belcan for $1.3 Billion
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NFIB: Small Business Uncertainty Index Reaches Highest Level Since 2020
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NY Fed: Short-Term Inflation Expectations Decline Slightly
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Spirit Halloween Hiring 50,000 Seasonal Employees Ahead of 2024 Store Openings
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Vermont Latest in Growing List of States to Enact Pay Disclosure Law
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