The Bad News Is, You Have a 401(k) Plan
June 29, 2006
The good news is your firm has a contributory retirement plan and you are a participant. The bad news is that to manage your money, control much of your retirement destiny and thus the future financial welfare of you and your family, your firm has placed this responsibility in the hands of someone who is almost certainly clueless about such matters.<br>That person is you.
Asset Creation, Seclusion And Money Laundering In The Virtual World
June 29, 2006
As more and more people take up residence in the virtual world ' sometimes also called digital or synthetic worlds ' through their participation in one of the many 'Massively Multiplayer Online Role-playing Games' (MMPORGs) currently available online, the potential for monetary abuse and malfeasance also increases. While the original virtual worlds were built by private gaming companies for their subscriber base and were fully controlled by the designers and their all-encompassing End-User Licensing Agreements (EULA), new MMPORGs have emerged that provide individual players with more freedoms ' including the ability to create, seclude or launder wealth. The likelihood of this new technology being co-opted for unscrupulous purposes is great, since historically the same has happened in response to other advances in technology.
Songwriters Gain from Change in Tax Law
June 29, 2006
Tax-treatment and copyright-reversion issues are among the most complicated concerns songwriters and music publishers face. This article examines a recent change in federal tax law regarding the sale of musical compositions, as well as related tax and reversion issues.
New Directions in Patenting Process Inventions
June 28, 2006
35 U.S.C. §101 defines processes, machines, manufactures, and compositions of matter as the categories of inventions that can be the subject matter of a patent. 35 U.S.C. §100(b) defines the term 'process' to mean 'process, art, or method, and includes a new use of a known process, machine, manufacture, composition of matter, or material.' Section 101 also requires that the subject matter sought to be patented be 'useful.'
Supreme Court Chooses the Middle Ground in the eBay Case
June 28, 2006
The landmark decision of the Supreme Court in <i>MercExchange LLC v. eBay</i>, 547 U.S. __ (2006), has left many inventors and patent owners disappointed, as the Supreme Court sided with eBay and set aside the prior decision of the Court of Appeals for the Federal Circuit ('CAFC'). A closer reading of the decision, however, seems to indicate a balanced approach that gave both sides something to brag about.
Practice Tip: Will the Real Drug Manufacturer Please Stand Up?
June 28, 2006
You are defending a manufacturer in a pharmaceutical product liability action. The plaintiff has testified that she obtained a prescription from her doctor for your client's medication and filled it at a reputable, national chain pharmacy. The doctor's records confirm that the prescription was written and the pharmacy records confirm that it was filled with your client's product. Normally, that scenario would dispel any doubts concerning the adequacy of product identification and you would identify other fronts on which to defend.
Court Watch
June 28, 2006
Highlights of the latest franchising cases from around the country.
Sona Squares Off Against Franchisees
June 28, 2006
Sona Laser Centers and Sona MedSpas is locked in an increasingly bitter dispute with some of its original franchisees, involving not only typical franchise issues but also the franchisees' allegations that at least one of the services they offer to customers, a laser treatment for hair removal, does not work. While franchisees have received considerable favorable publicity in the fight to date, Sona executives say that the actions of the franchisees belie some of their complaints, and Sona remains committed to building a national chain of spas.
When Is Your Doctor Not Your Doctor?
June 28, 2006
Modern understanding of medical malpractice is based upon the presence of a physician-patient relationship. This specific relationship gives rise to a special duty on the part of the physician, the breach of which is one of the requirements for finding professional negligence. Although this consensual relationship is often discussed and thought of in terms of an express contract ' that the relationship is created when professional medical services are 'offered' voluntarily and those services are 'accepted' voluntarily by another ' most courts have held that the creation of the relationship need not satisfy the formalities of a contract.
Deferred Prosecution Agreements: What Questions Should We Be Asking?
June 28, 2006
In the post-Enron era, corporate counsel are seeing more government investigations that lead to 'deferred prosecution agreements' (DPAs). In these arrangements, the government formally accuses a company of criminal conduct, but agrees to hold the prosecution in abeyance pending the company's efforts to make amends. These cases include such well-known names as KPMG, Computer Asso-ciates and Bristol Myers Squibb. <br>Why are these settlements suddenly coming onto the scene? In a sense, they are not entirely new.
