Apr 29, 2024 | Asset Purchase, Employment, Non-compete agreements
Federal Trade Commission issues new rule banning non-compete agreements In a controversial move, the Federal Trade Commission (FTC) recently issued a final rule banning the use of non-compete agreements. These agreements, once reserved for top executives and those...
Jan 31, 2024 | Corporation, LLC, Medium-sized business, Small business
Corporate Transparency Act: New Reporting Requirement for Companies The Corporate Transparency Act (CTA) took effect January 1. The Act is aimed at promoting transparency and preventing illegal activities such as money laundering and terrorism financing through the...
Jul 6, 2023 | business attorney, Law firms, Technology
How do lawyers work with other professionals, such as accountants, consultants, and technology experts, to provide comprehensive legal advice to their clients? The following will give a short answer to that question, but read on to the end to learn an interesting...
Mar 27, 2023 | Employment, Limiting liability
Confidentiality and Non-disparagement Clauses Prohibited in Severance Agreements for Certain Categories of Employees When an employer and employee part ways, the employer may offer the departing employee a severance payment, and perhaps the extension of certain other...
Jan 10, 2023 | Agreements, Contract, Indemnification, Limiting liability, Medium-sized business, Small business
Indemnification: what it is, and why you should care In this blog post I want to discuss an important provision in many business contracts, but one that businesspeople usually skip over. This is the indemnification provision. Indemnification is a big topic, far too...
Sep 1, 2022 | business attorney
The past few years have seen significant interest in the use of alternatives to traditional litigation in settling legal disputes. These different methods, often called “alternative dispute resolution” or ADR, include mediation and arbitration. Each has advantages and...
Aug 8, 2022 | Non-disclosure agreement
It is a common practice for businesses to use non-disclosure agreements, often called NDAs, to protect their ideas and confidential information from being used by a potential customer, competitor or other outside party. Sometimes, an entrepreneur or business owner...
Jul 6, 2022 | Limiting liability
Having outside general counsel is not the same as general counsel. Larger corporations usually employ an attorney full-time to act as general counsel. They generate enough revenue to justify the attorney’s salary, benefits, and other costs. Although most business...
Jun 13, 2022 | Limiting liability
In recent years several states have limited the scope of non-compete agreements, including Illinois, Maine, Nevada, Oregon, Rhode Island, and Washington, while the District of Columbia has largely prohibited non-competes altogether. Legislators and courts in those and...
May 3, 2022 | Sexual harassment
The Federal Arbitration Act (FAA), was enacted all the way back in 1926. It applies to both state and federal courts and enables people to resolve a dispute through arbitration with the court’s assistance. Understanding how the FAA applies to contracts and sexual...
