There’s a well-known fashion designer who’s currently suing for breach of a licensing agreement because she alleges, among other things, that the licensee is hurting her brand by selling inferior merchandise. Whether or not that’s true, the key takeaway from this lawsuit is that when it comes to protecting your...
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Whether you’re a consultant or looking to retain one for your business, there are some fundamental issues that must be covered your consulting agreement to ensure performance by the other party while reducing your liability exposure if something goes wrong. Here are five key areas that should be covered in...
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An employee racked up over $100,000 of debt on a credit card. After leaving the company, he sued his former employer contending that the debt was incurred as business expenses and should be reimbursed. However, his former employer disagrees. This dispute raises key questions about your company’s policy for business...
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It’s common for companies to mistakenly enter into business contracts with the wrong parties signing agreements. Officer Or Individual Signatory? If your business is set up as a corporation, limited liability company (LLC), or similar entity, you’ll want to make it clear that the person signing is doing so on...
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Are breach of contract lawsuits expensive? Yes. For example, there’s currently a legal battle in California over whether the loser in a contract dispute has to pay the winning side’s legal fees. How much is at stake? $1.3 million in attorneys fees. The winning side even showed up for a court hearing with 8 lawyers […]
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As a general rule, giving two weeks notice is a courtesy extended by an employee to the employer. It is not a legal requirement, particularly when it is at-will employment. So how do you get your employees to provide such advance notice when they resign? After all, an employee who leaves abruptly generally puts your […]
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As an Internet Lawyer who represents clients buying and selling ecommerce companies, I know there are deals to be had, particularly when acquiring niche sites that are privately owned. However, large publicly traded companies like Microsoft (MSFT) can rarely take advantage of these types of profitable acquisitions because the dollar amounts involved aren’t enough to […]
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There’s a Utah company that may have killed its business by creating a ridiculous social media policy. The company gave all of its customers a contract addendum that required the customers to set up Facebook accounts and “like” the business’ FB page. In addition, the new policy authorized the company to use the customers’ photos […]
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Before you sign B2B contracts, it’s important to review the draft agreements to make sure you’re not committing some costly errors. According to Texas Business Lawyer Mike Young, here are four of the most common mistakes that entrepreneurs make in business-to-business deals. Mistake 1 – Failing To Identify Who Owns What Whether it’s patents, trademarks, […]
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As an Internet lawyer and entrepreneur who co-owns several ecommerce companies, I’ve created a complimentary guide called “How to Set Up a Business Website in 15 Steps or Less.” Even if you already have a business website, you should read this guide because it has recommendations you can use to improve your site. Note that […]
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As a Dallas business lawyer, I find valuable lessons in breach of contract lawsuits involving sports and entertainment stars. Today’s example is Rapper Jay Z’s dispute with a Long Island perfume vendor that’s ended up in a New York state court lawsuit. According to news reports, Jay Z (a.k.a. Shawn Carter) may have violated a […]
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“Under Section 47.02 of the [Texas] Penal Code, a person commits an offense if he or she makes a bet on the partial or final result of a game or contest or on the performance of a participant in a game or contest. Because the outcome of games in daily fantasy sports leagues depends partially on chance, an individual's payment of a fee to participate in such activities is a bet. Accordingly, a court would likely determine that participation in daily fantasy sports leagues is illegal gambling 'under Section 47.02 of the Penal Code.”
“Though participating in a traditional fantasy sports league is also illegal gambling under Section 47.02, participants in such leagues may avail themselves of a statutory defense to prosecution under Section 47.02(b) of the Penal Code when play is in a private place, no person receives any economic benefit other than personal winnings, and the risks of winning or losing are the same for all participants.”
If your tech company is located in or near Richardson’s Telecom Corridor*, you need help from an experienced Telecom Corridor Lawyer. However, chances are the size of your business doesn’t justify hiring the same multinational law firms that are retained by AT&T, Ericsson, Texas Instruments, Fujitsu, Cisco, Samsung, and other large publicly traded companies. Where […]
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