Business interruption insurance compensates the policyholder for lost business income if the policyholder’s company had to vacate the premises or close its doors. The cause is due to disaster-related damage that is covered under the policy. In other words, this insurance covers the revenue you would have earned, based on your financial records, had the...
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Boilerplate clauses are, by definition, routine provisions that appear in nearly all business contracts and are often overlooked. This does not mean they lack significant weight or have any impact on your business agreement. The purpose of boilerplate clauses is to protect the interests of all parties that sign the contract. In practice, some may...
One of the most important considerations for potential franchisees to address when negotiating and signing the relevant contracts is his or her franchise’s territory. When you are operating as one location that is part of a much larger corporation, you must perform a great amount of due diligence to ensure that your assigned territory is...
There are many actions that have to be undertaken prior to a corporation coming to life. One of the most important aspects of incorporation is the role of promoters. Promoters are individuals who take the initiative in founding and organizing the business or enterprise. They are needed to raise capital, enter contracts, and ensure an...
Trembly Law Firm Successfully Prevents Law Firm Former Employer From Harassing an Attorney Former Employee When Managing Partner, Christian E. Rodriguez, first heard the story, he knew he had to help this fellow member of the Florida Bar. A former attorney employee (“former employee”) at a local firm had been subpoenaed to testify at deposition...
Those who have been newly bitten by the entrepreneurial bug often turn to franchises for their first foray into the business world. For many reasons, franchises present themselves as an attractive option for those seeking to “become their own boss.” Just like with any other business venture, though, there are pros and cons to be...
The Difference Between Trademarks and Copyrights as Told by Joe Exotic, Carole Baskin and Tiger King
Netflix’s epic docuseries the Tiger King took the world by storm in March of 2020. The series – likely due to the difficulty in succinctly presenting complicated lawsuits – conflates the issues of copyrights and trademarks, however, so we set about to clear up the errors and confusion. BACKGROUND So first, a bit of background...
Identifying the Issue: Many employers are feeling a massive financial impact as a result of COVID-19. Accordingly, many are considering furloughs, layoffs, demotions, reduction of wages or reduction of hours (collectively “adverse employment actions”); however, employers need to proceed with caution and make sure they understand pros and cons associated with these types of actions....