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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.
Paycheck Protection Program Update: SBA Streamlines Forgiveness Application for PPP Loans Under $50K, Confirms Deferral Period for Loan Repayment
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ASA Workforce Monitor: Pandemic Worries Vary by Race, Job Sector, and More
Employment and financial worries caused by the Covid-19 pandemic differ among demographic groups, according to a deep analysis into the results of the latest ASA Workforce Monitor® online survey conducted by The Harris Poll.
People of color are more likely to be concerned about a variety of employment-related issues, such as finding a job, needing new skills to land a job, transitioning careers or roles, and the possibility of losing a job.
“The potential severity of the negative economic impact of Covid-19 has not been the same for everyone in the U.S. during the pandemic,” said Richard Wahlquist, ASA president and chief executive officer. “For millions of people, temporary and contract work is a means to address their very real employment and financial concerns. Staffing agencies across the U.S. are hiring now and are ready to help get the nation back to work.”
Are You Covered? Warnings From Recent Face Mask Litigation
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Health Care Staffing Firm Pays More Than $3 Million in Back Wages After Missing Payroll for Employees Conducting Coronavirus Testing
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U.S. Department of Labor’s OSHA Announces $913,133 in Coronavirus Violations
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Report: One in Two People Won’t Return to Jobs That Don’t Offer Remote Work After Covid-19
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Twenty-Five Percent of Women Are Weighing Leaving the Workforce or Downshifting Their Careers Due to Pandemic
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Take Advantage of ASA Resources—Get Employees Back to Work Safely
As part of a global endeavor to help employees return safely to work amid the pandemic, ASA has launched the Safely Back to Work initiative to lead efforts in the U.S. The initiative and new website at americanstaffing.net/safelybacktowork is based on the association’s work with the World Employment Confederation, Adecco Group, ManpowerGroup, and Randstad NV.
The result is an online collection of safety-focused resources for employers and a high-profile pledge to the safety of all employees who are returning to job sites. ASA urges all of its members to download and use the free resources and take the pledge.
- Download the ASA Safely Back to Work Best Practice Protocols, which include 77 measures to help further employee safety in different industry sectors and work environments.
- Download the Covid-19 Safety Checklist, developed specifically for staffing company use by the law firm Seyfarth Shaw.
- Take the Safely Back to Work Pledge to show your company’s commitment to the health and welfare of your corporate and temporary and contract employees.
Once you submit your pledge to safety, your name and company name will appear in a real-time leaderboard on the page. Share your commitment on social media channels and encourage your colleagues to do the same. The Safely Back to Work site provides a variety of graphics for use on Twitter, Facebook, LinkedIn, and ASA Central. Use the hashtag #SafelyBackToWork and tag @StaffingTweets.
Employee Temperature and Health Screenings—Statewide Orders as of Sept. 29
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