A choice of law clause is a provision found in many different types of agreements. In modern contracts, choice of law clauses are considered standard boilerplate that is found in virtually all contracts. However, choice of law provisions should not be taken lightly as they have very important ramifications.
Having a contract lawyer review your agreement can be one of, if not the, most important step in the overall contracting process. When you hire a lawyer to review an agreement, you are doing more than hiring someone to read over a document, you are purchasing years of experience, knowledge, and training to guide you. This experience, knowledge, and training can help you to ensure you get the best deal possible in your contract – and more importantly, to avoid getting stuck with a not so favorable one.
Despite popular belief and practice, sampling someone else’s songs without their permission is illegal. Sampling Music Laws (which are mainly Copyright Laws) were put in place to protect artists and their music. The act of breaking these laws is an act that can have serious consequences. By sampling music illegally, you ultimately risk being charged a significant fine.
Sampling Music Laws – You Still Need Permission to Sample Music Legally Read More »
When you are looking at buying an existing business you need to understand your options. To purchase a business, generally you are given two options, an asset purchase sale or a stock sale. Whether you sign a asset purchase agreement or a stock purchase agreement, each one has it’s own benefits and disadvantages. Therefore, it is important to understand the difference between the two. We will go over asset purchase vs stock purchase sales and the implications of both.
Asset Purchase vs Stock Purchase: Exploring the Ways to Buy a Business Read More »
“Should we form an S corporation (frequently referred to as an “S Corp”) or a limited liability company (“LLC”)?” I am asked at least once a week – and to be perfectly honest… it is a fantastic question that I wish I were asked more often. When entrepreneurs look to form a small business, the decisions of these future business owners can have long lasting effects. One of these decisions is the decision of how to best structure a new business.
An S corporation is a corporation that has received a special designation from the IRS. When making the consideration to start a new business, the S Corp is one of the most common types of business entities. While an S Corporation is a fantastic choice for many new businesses, understanding the pros and cons of forming an S Corp will help you determine if it is the right entity for you.
S Corporation Pros and Cons: Learning the Basics of an S Corp Read More »
Arbitration is a popular mechanism often used in place of litigation. When a dispute occurs between respective parties that decide to handle their disputes in an arbitration proceeding, instead of bringing the dispute to a courtroom, it is brought before an arbitrator whom will solely hand down a resolution to that particular dispute. There are many pros and cons of having an arbitration clause in a contract and both should be looked at carefully to ensure you are behaving in your best interests. Deciding whether arbitration is right for you can be a difficult and complicated decision. While arbitration may be appropriate in some cases, it may not be the best decision in others. The decision to arbitrate should not be a “one size fits all” type of decision. To find out if arbitration is for you, it is often recommended that you speak to an attorney familiar with the arbitration process in order to advise you accordingly.