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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.
Oklahoma Law Offers Shield Against Covid-19 Lawsuits
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Employers Beware: Postpandemic Litigation Traps
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Covid-19’s Impact on the Labor Market Forced a New ‘Normal’ on the Workforce
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Survey: The State of Summer Vacations for Employees
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CDC Issues Guidance Warning Against Use of Antibody Testing in Making Decisions Regarding Returning Employees to the Workplace
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South Carolina Department of Revenue Offers Clarification Regarding Covid-19-Related Employment Withholding Requirements
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ASA Engages in Concerted Advocacy, Education, Regarding Pandemic Issues
Covid-19, which the World Health Organization declared a pandemic in March, shuttered many staffing firms’ brick-and-mortar operations—it has presented the greatest legal and legislative challenge for the staffing industry since the Affordable Care Act. Developments have been rapid and unprecedented, implicating antidiscrimination, workplace safety, financial assistance, and other laws—often presenting novel issues without clear-cut answers.
ASA activities have largely consisted of advocating before Congress, the U.S. Department of Treasury, and the U.S. Small Business Administration with respect to financial assistance for staffing firms. ASA also has worked to educate staffing firms and their clients about new laws and about the application of existing laws to the new work environment.
U.S. Department of Labor Issues Alert on Social Distancing to Keep Employees Safe at Work During the Coronavirus Pandemic
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Can Employers Use Covid-19 Waivers to Limit Liability?
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