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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.
A Hefty Paycheck for Remote Work May Be Out of Reach as High-Wage Jobs Fade
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U.S. DOL Issues Guidance on AI and the FLSA, FMLA, PUMP Act, and More
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EEOC Is Really Serious About the EEO-1 Filing Requirement
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Employers Do Not Demonstrate Discriminatory Animus by Merely Repeating Pejorative Remarks When Investigating Complaints
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Effective July 1, Minnesota Employers Face Increased Scrutiny and Possible Liability for Using Independent Contractors Versus Employees
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Reminder: New Chicago Paid Leave and Paid Sick and Safe Leave Ordinance Coming July 1
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Industrial Workforce at Risk: Report Uncovers Employee Concerns Over Safety, Lack of Training
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Chicago Business-Activity Index Weakens to Lowest Level in Four Years
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EEOC Opens Registration for EXCEL 2024, Aug. 19-22 in New Orleans
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