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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.
Understanding the Bona Fide Sale Exception to FTC’s Noncompete Ban
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Chicago Finalizes Interpretive Rules in Advance of July 1 Effective Date of New Paid Leave and Paid Sick Leave Ordinance
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New York City ‘Know Your Rights’ Poster and Bill of Rights Website Now Live
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Staffing Company to Pay $2.7M for Alleged Failure to Provide Adequate Cybersecurity for Covid-19 Contact Tracing Data
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Amazon CEO Andy Jassy’s Comments About Unions Violated Federal Law, NLRB Judge Rules
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DOL Issues Guidance on Wage-Hour Risk Posed by Artificial Intelligence
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Don’t Call It a Job Elimination Unless It’s an Actual Job Elimination
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Washington Expands Equal Pay Law to Cover All Protected Classes
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OSHA Delaware Unveils SafeDE, Pioneering a Safer Future for Workers
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