Are you developing a new app, but using someone else to write the code? A "work for hire" contract isn't enough. Make sure you get an assignment of ownership from your developer. This is to avoid "phantom founders" that later may come back to get a piece of the app....
Fear, intimidation, uncertainty … This was just a sampling of what was experienced in law school and the subsequent practice of law in the years after. It takes time to get your legal legs under you. Did you have a father, mother, or other close family member available to show...
Changes to the FLSA – White Collar Exemption The U.S. Department of Labor’s long-anticipated “Final Rule,” regarding changes to the Fair Labor Standards Act (FLSA) was finally issued on May 18, 2016. It updates the federal white collar overtime exemptions by raising the minimum salary required to qualify as an exempt...
Will I have to start paying overtime soon? Astute employers are reviewing available options to mitigate the potential economic impact of the imminent release of new federal Fair Labor Standards Act overtime regulations. The Department of Labor estimates that average annualized direct employer costs could total between $239.6 and $255.3...
What is a franchise business? What does a good franchise agreement look like? Most likely, you have driven by many franchises in your own town or city. Examples of well-known franchise business models include Subway, UPS, McDonalds, and H & R Block. In the United States, there are franchise business opportunities available across...
Most likely, you have driven by many franchises in your own town or city. Examples of well-known franchise business models include Subway, UPS, McDonalds, and H & R Block. In the United States, there are franchise business opportunities available across a wide variety of industries. Franchises are an extremely common way...
Once you and your business buyer negotiate the fine points of a deal, it’s time to schedule the sale closing. A few easy steps will help you lay out what you need to do in advance, during, and immediately following the big day. Step 1. Prepare for Closing Day Here’s a chart...
Should I include an arbitration clause in my contracts? Here are several factors you should consider when deciding whether to incorporate a mandatory arbitration clause into that contract you are drafting. 1. Price Arbitration is not necessarily less expensive than litigation; instead, the opposite may be true. Not only is the cost...
I’ve been hearing about this “JOBS” act President Obama signed into law … what does that law do? The Jumpstart Our Business Startups Act or JOBS Act, is a law intended to encourage funding of United States small businesses by easing various securities regulations. It passed with bipartisan support, and was...
Why do people sometimes register their business entity in Delaware? For large businesses, Delaware holds many advantages—but smaller business may not find it as beneficial. For example, Delaware’s business law is one of the most flexible in the country. The Delaware Court of Chancery focuses solely on business law and uses...
