Posts tagged “TechLaw”
TechLaw: Generally, a shareholder of a corporation owes no fiduciary duty to the corporation despite the shareholder's ownership interest. The shareholder can deal or refuse to deal with the corporation as the pure self-interest of the shareholder dictates. Is that still the law in North Carolina when the shareholder is the only owner of the corporation?
TechLaw: Many companies routinely make loans or otherwise extend credit to other businesses or individuals. Often the company making the loan will want some collateral from the borrower to secure repayment of the loan. How do you, as the lender, obtain a valid security interest in the collateral, and how is that security interest protected and enforced?
TechLaw: The North Carolina General Assembly is poised to modernize the state's tax code to reflect its current services-based economy. You and your company need to be prepared for the changes that appear to be coming your way.
TechLaw: Most purchasers of real property, and almost all of their lenders, obtain title insurance. Title insurance, however, is not a cure all. This article addresses the coverage that title insurance provides to you and the rights of your title insurance company in dealing with a claim from you.
TechLaw: The JOBS Act signed by the President on April 5, 2012, may offer better capital-raising opportunities to many tech companies and reduce their SEC compliance burdens. But we must await SEC rulemaking to determine how useful the JOBS Act changes will be.
TechLaw: While an employer's gathering of criminal background information for use in its hiring and promotion decisions is allowed, it nevertheless can result in a charge of discrimination if such information is not used carefully.
TechLaw: President Obama's desired modifications to federal wealth transfer tax laws may limit your future estate planning, but you still have many tax saving opportunities during the remaining months of 2012.
Need a manufacturing facility but don't want to own one? Try contract manufacturing and a comprehensive manufacturing agreement
TechLaw: Developing and marketing products is your expertise, not owning and operating a manufacturing facility. You want to engage a third-party manufacturer to manufacture your products, freeing you up to pursue the aspects of your business that you do most efficiently. If that is the case, you need a well-drafted written Manufacturing Agreement.
TechLaw: Litigation includes many components that are often referred to interchangeably and incorrectly. Understanding the correct use of these terms is essential in gaining a working knowledge of the litigation process.
A federal jury in San Francisco has reached an impasse on a key issue in Oracle's copyright-infringement case against Google, handing the database-software company a major setback.
TechLaw: The North Carolina Business Court has recently issued an opinion suggesting that, in most cases, an employer's claim for breach of a former employee's noncompetition agreement will be the employer's only possible remedy. North Carolina employers need to be aware of this limitation and take proper steps to ensure that they are able to fully protect their rights.
TechLaw: The Leahy-Smith America Invents Act was signed into law on September 16, 2011, amid much fanfare. The recently proposed fees authorized by Section 10 of this Act, however, have generated more shock than fanfare.
TechLaw: My business received a demand letter from a bankruptcy trustee for a bankrupt customer asking me to return payments I received for goods and services provided to the customer. Do I have to return the payments?
Taxpayers have one more chance to avoid trouble: IRS announces new offshore voluntary disclosure program
TechLaw: In January, the IRS announced a new Offshore Voluntary Disclosure Program for taxpayers with undisclosed foreign assets. The IRS warns taxpayers to come forward or risk facing severe penalties and criminal prosecution.