Whether you consider non-fungible tokens (NFTs) to be a fad, a functional method of sharing art and other creative works with a broad audience, or even a source of serious funds in a digital gold rush era, the prices for some NFTs over the last year places a heightened value on those items of intellectual …
Noncompete Agreements in the Great Resignation
The last two years have given many workers a chance to reassess their priorities, whether by the loss of a job, a layoff during quarantine periods, or just through moments of clarity in what has been a time of stress. The period now known as “The Great Resignation” has resulted from the pandemic era, and …
Mastering the Contractual Relationship
Contracts are everywhere in our modern business world. However, we may not always see them; or as in the latest 63-page scroll-through on that music service app, we may choose to outright ignore them. Nevertheless, terms and conditions float around us in the digital ether and now replace the handshake deals and gentlemen’s understandings that …
Should Your Business Have a Buy-Sell Agreement?
If you are like most private business owners of a closely held or family-owned business, the illiquid value of your business interest represents a substantial portion of your net worth. Do you know what would happen to this ownership interest if you were to die or otherwise depart the business? If you answered ‘no’ …
It’s (Almost) All Negotiable – the Dangers of a Form Mindset
Clients frequently ask me for “standard”, “normal” or” boilerplate” legal documents. This includes contracts, employee handbooks, non-competition agreements, and even legal pleadings. The truth is, very little is truly standard. Outside of a few narrow regulations, if a document needs to be drafted, it’s (almost) all negotiable. Even truly standard contracts, like the Minnesota Realtors …
It’s (Almost) All Negotiable – the Dangers of a Form MindsetRead More
Should You Incorporate Lifetime Gifts Into Your Estate Planning?
With the holiday season upon us, the spirit of giving is in full force. Besides being a good way to celebrate this year’s festivities, gifting property can also be an important estate planning tool. There are many benefits to gifting property, such as reducing your taxable estate, transferring tax obligations to your children who may …
Should You Incorporate Lifetime Gifts Into Your Estate Planning?Read More
The Need for NDAs in Business
While much maligned in election season and scorned as part of C-suite settlements coming from the recent Me Too movement, Mutual Non-Disclosure and Confidentiality Agreements – more commonly referred to as NDAs – remain an integral part of business relationships. Their purposes are far less nefarious, providing vital protection of the products and processes at …
Estate Planning during the Pandemic
The pandemic has been difficult for all of us, and we are all eager for life to return to normal. For many of us, this public health crisis has affected our lives and businesses in ways we never would have thought possible only six or seven months ago. Estate Planning attorneys (lawyers who draft Wills, …