– Legal Insights –
For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their home or finances. Effective...
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Michael Eisner, once said, “It is rare to find a business partner who is selfless. If you are lucky it happens once in a lifetime.” Eisner himself, at least according to Roy E. Disney, was not necessarily a selfless business partner, as his removal from Disney’s chairmanship evidenced. Eisner’s maxim...
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When a customer is negotiating a license agreement with a vendor, the customer undoubtedly contemplates factors such as how much it will have to pay and when, and what systems, applications and services the vendor will provide in return. While the customer certainly should contemplate these types of issues, due...
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“What’s the difference between these two additional insured coverage certificates?” Both certificates covered claims for damages “caused in whole or in part by” the insured or someone acting on behalf of the insured. However, one certificate also covered damages “arising out of or caused in whole or in part by...
Storm season is upon us. Unfortunately that will mean property damage insurance claims for some property owners and managers. While it is impossible to understand why one property may suffer severe hail damage while another property down the street remains pristine, our role is not to question “why” but to...
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Limitations of liability come in many different shapes and sizes and they are present in a vast majority of vendor and other commercial agreements. These provisions operate to exclude certain types of damages and place a cap on allowable damages. It is essential for customers to recognize that limitations of...
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“When one of our clients was nominated for two Grammy Awards, we just had to go!”said Blake Nelson, Managing Partner of Hellmuth & Johnson, PLLC (“H&J”). The adventure began when musical artist Stokley Williams, from the Minneapolis-based band and H&J client, Mint Condition, collaborated with New York-based R&B singer Kelly...
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Life insurance is an expense a person incurs to protect loved ones from the inevitable. In a closely held entity there are two important “inevitables” against which the prudent business owners should also consider acquiring inexpensive “insurance.” Specifically, joint owners should have a candid conversation about life’s “what ifs” while...
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The Americans with Disabilities Act of 1990, as Amended, 42 U.S.C. § 12101 et seq. (the “ADA”) generally applies to those employers with 15 or more employees for each working day in each of 20 or more calendar weeks in the current or preceding calendar year. 42 U.S.C. § 12111(5)(A)....
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It is widely accepted and understood that discrimination against prospective employees based on things like national origin, sex, age, or race, just to name a few, is not permissible. Placing an ad that excludes applicants based on any of these factors would certainly create undesirable consequences. However, some companies are...
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In these challenging economic times, many businesses are asking more from all of their employees, including their salaried employees. As a result, many businesses are requiring their salaried employees to work more hours and complete tasks that were previously performed by hourly or temporary employees. For example, a salaried employee...