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This Ain't Your Average Hamburger Joint: Making a Mountain Out of a UFOC Designed to Fit a Molehill
What happens when your client wants to build a mountain? Literally. And franchise the concept. That's exactly the challenge presented by the WaterSnoGo proposed franchise under development by M-O-H INCORPORATED.
The WaterSnoGo franchise is a massive family entertainment complex that includes a 200-foot, man-made ski mountain, a 600,000-plus square foot water and adventure park, more than 50,000 square feet of retail space, and an optional hotel and conference area. Each franchise site will require a minimum of 52 acres to accommodate the 1/4-mile-long WaterSnoGo complex that is also 27 stories high, and carries a price tag of $170 million.
When all of the paperwork is complete, the trademarked WaterSnoGo concept will be marketed and sold throughout the United States as franchises with a territory license. It will comprise one of the largest and most costly franchise offerings in the history of franchising worldwide. Negotiations are now in progress for four sites in the United States, and it is hoped that as many as 10 facilities will be developed in the next 3 to 5 years.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?