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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.
Michigan Supreme Court Expands Liability Under Antidiscrimination Statute; Endorses Third-Party Retaliation Theory
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OFCCP Releases New Artificial Intelligence Guidance
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Illinois Finalizes Regulations Interpreting Paid Leave for All Workers Act Four Months After Law Takes Effect
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Wage and Hour Policies Amid Rising PAGA Filings
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An Employee Using Marijuana Is Not Protected Under the ADA
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Utah Becomes Latest State to Ban Nondisclosure Clauses Regarding #MeToo Claims
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FTC Ban on Noncompetes Now Slated to Take Effect Sept. 4
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Fourth Circuit Reverses Dismissal of Age Discrimination Claim by Recent Hire
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Government Contractors Beware: No Easy Relief if Local Minimum Wages Exceed DOL Wage Determinations
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