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Why Use an Outsourced Legal Department? -Part 5
This content has been archived. It may no longer be relevantClick here for Part 1, Part 2, Part 3, Part 4 Why should an organization consider using an outsourced legal department? This six-part series takes a look at some of the most compelling reasons to engage a third-party lawyer or team of lawyers to…
The Entrepreneur’s Lab Video Series: Advisory Board
“The Entrepreneur’s Lab,” a one-minute video series aimed at offering practical guidance and thought leadership to entrepreneurs and business owners. Videos are adapted from business law and transactions practice group chair, Michael N. Mercurio’s recurring segment every Tuesday night from 6–7pm on AHA! Business Radio, a show produced for WJZ (CBS Sports Radio 1300). Each installment of “The…
A Video Conversation with Graham Dodge, CEO of Sickweather- Part 4- On Their Growth
Click here for Part 1, Part 2, Part 3 Tapping into social networks to help individuals and their families forecast and avoid illness Graham Dodge is the CEO of Sickweather. Similar to the way meteorological radars scan for indications of inclement weather conditions, Sickweather draws from social network conversation in real time to generate a…
Friday Factoid: USPTO Provides Fast Track Status for Cancer Treatment-Related Applications
In July 2016 the USPTO launched its Patents for Patients program, which provides a fast-track review of cancer treatment-related patent applications without the need for an applicant to pay an additional fee. This program is designed to cut in half (to 12 months or less) the time it takes for the USPTO to process cancer…
The Weekly Scenario: Importance of an IRS Form 8971
Question: I am the beneficiary of my aunt’s estate. I received an IRS Form 8971 in the mail. What is the importance of this form? Answer: When you inherit assets, there should be a tax basis associated with the inherited asset for income tax purposes equal to the ‘fair market value’ of many of the…
How the FLSA Affects the Mortgage Industry
Recently, I heard in the news about a two million dollar settlement from a single business unit of large bank for minimum wage and overtime violations. On top of this, I’ve received several calls from clients on this very same issue in recent weeks. Loan officers, in particular, pose a high risk of triggering non-compliance…
Get A Life
As published in the Virginia Lawyer There is a song by James Taylor that’s always been a personal favorite of mine, and it starts out like this: The secret o’ life is enjoying the passage of time. Any fool can do it. There ain’t nothing to it. Nobody knows how we…
A Video Conversation with greeNEWit- Part 3- On Their Name
Click Here for Part 1, Part 2 Building sustainable communities with energy-saving solutions greeNEWit is a sustainable development and environmental consulting company based in Columbia, MD. With an approach that integrates planning, brand partnerships, and technology, greeNEWit helps homeowners, businesses, and government agencies save energy and natural resources to build sustainable communities and economies. The…
M & A Nuggets: Indemnification – Let’s Get Specific No. 1
One of my prior nuggets discussed the importance of having a good indemnification clause in the purchase agreement. Many important sub-issues arise during the negotiation of the indemnification clause. One of those sub-issues is the amount of the indemnification. There are two different amounts that are typically negotiated in an indemnification clause. First, there is…
Preparing for Divorce: Emotional Support
Whether it’s the result of a civilized mutual decision or an acrimonious battle that has been years in the making, divorce can be devastating to all parties involved. Simply put, divorce is one of life’s most stressful events, affecting practical matters like parenting, finances and credit. It also can affect one’s self-esteem, core beliefs and…
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