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Which Business Sales Agreement Clauses to Read First
You know how it is: e-Commerce movers and shakers like bullet points. With too much to do, they have time to read only what really matters ' especially if it can fit on one screen.
But after finally making the difficult decision to sell the business that he or she built (for more specific information on that topic, see, 'Punk Rock and the Sale of Your e-Business' in the January 2007 edition of e-Commerce Law & Strategy), how does that entrepreneur react when his or her attorney sends 50 pages of fine print for review? It doesn't get any better when he asks for the 'key points' ' and finds that the 'summary' has 20 pages of said 'key points.'
Of course, even business attorneys will admit that not all of those words are truly important, or even worth reading. Yet, attorneys persist in what can seem like such logorrhea, the diarrhea familiar to anyone who has ever cared for a newborn, just coming from a word processor. While it may not have the smell or mess of the original, from the busy tech executive's perspective, it is just as much of a problem to deal with.
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?