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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.
New California Law Restricts Driver’s License Requirements in Job Postings
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Employee Termination Law in New Jersey
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Colorado Requires Holiday Incentive Pay to Be Included in the Regular Rate of Pay
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California Prohibits Employer Action Against Employees Who Refuse Political or Religious Communications
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Understanding California’s Freelance Worker Protection Act—What Employers Need to Know
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Maryland’s Heat Stress Regulation Took Effect Sept. 30
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Hiring and Wage and Hour Law in North Carolina
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Illinois DOL Issues Sample Application Receipt Form for Temporary Workers
The Illinois Department of Labor has published a sample form and instructions for complying with the new law requiring staffing agencies to provide temporary laborers who seek work but are not placed in a job with an “application receipt” confirming that they applied for work. The requirement was part of a package of amendments to the Day and Temporary Labor Services Act that became effective Aug. 9.
Application receipts must be provided to individuals applying for work with a staffing agency in person, by telephone, online, or through an app-based system. The receipt must be provided in person, online, through an app-based system, or by text message. Receipts must be signed by a staffing agency employee and, by law, must contain the name and location of the staffing agency and branch office; the name and address of the applicant; the date and time the applicant sought the work assignment; the manner in which the applicant sought the work assignment; and the specific work sites or type of jobs sought by the applicant, if applicable.
Although the applicant receipt provision does not specify, it appears that the requirement that a staffing agency employee sign the receipt can be satisfied by electronic means. Illinois has adopted the Uniform Electronic Transactions Act, which recognizes the validity of electronic records and signatures. Section 7(d) of the UETA provides that “if a law requires a signature, an electronic signature satisfies the law.” Electronic signature means “an electronic sound, symbol, or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record.”
The state DOL’s instructions for complying with the application receipt requirement state that the “sample form is for guidance only related to the content. Formatting and other visual characteristics of the form are the employer’s responsibility.” Because staffing agencies’ onboarding systems and software capabilities vary considerably, staffing agencies are urged to consult with their systems suppliers and employment law counsel on how best to comply with the new requirement.
Michigan’s Minimum Wage to Jump 20% Under Court Ruling
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