Category: Legal Insights

Earlier this month, news broke that Facebook is changing its certificate of incorporation to reflect important changes that directly affect both its long-term future and the current majority voting control held by Facebook cofounder and CEO, Mark Zuckerberg. As explained by Matt...

Physician recruitment agreements are utilized when a hospital, device-maker or other health care service or equipment provider wants to incentivize the relocation of a physician to a geographical area that is underserved in their specialty. Such agreements typically...

As we have explained on this site when we addressed the utility of license agreements in general, a trademark is a word, phrase, symbol, or design that signals to consumers the source of a good or service. While trademarks cannot be...

Like a prenuptial or premarital agreement, a postnuptial agreement is a legal contract that allows a married couple to define the ownership of their respective assets. However, as the name implies, postnuptial agreements are signed after a couple has already entered...

Non-disclosure or confidentiality agreements, which allow one party to legally protect trade secrets or other proprietary information exposed to third parties, can prove useful in a number of business contexts. For instance, in the event of a potential merger or...

In 2014, a group of current and former NFL players entered into individual client services agreements with Branch Banking and Trust Company (BB&T) to provide each player with specified services, including bill pay. As a result of allowing large, unauthorized withdrawals...

When forming a corporation in California, shareholder agreements, which regulate the legal ownership rights of shareholders in a corporation and typically provide for restrictions on the transfer of shares and provisions that govern the shareholders’ management of the corporation, are commonly...

Nearly four years after having signed a purchase and sale agreement formalizing an approximately $2.4 billion acquisition by Marathon Petroleum of a Houston-area refinery from its previous owner, British Petroleum (BP), Marathon has filed a lawsuit alleging that BP breached terms contained...

Mars, the world’s largest candy maker, announced in early October 2016 that it will buy out the minority stake held by Berkshire Hathaway in Wrigley, a Mars subsidiary, as part of its long-term plan to integrate Wrigley with its Mars Chocolate operations...

Effective January 1, 2017, Section 925 will be added to the California Labor Code as a result of California Governor Jerry Brown signing Senate Bill 1241 in late September 2016. It is critical for both employers located in California and employers who...

Your Contract Lawyer fields inquiries on a regular basis about drafting or reviewing a term sheet or letter of intent, and there is inevitably a discussion of whether or not such agreements are legally binding. The short answer is that they...

LLCs can be managed by all members (owners) or one or more managers. Much of the time, in a small business context, you will see all members managing the LLC. Our preference, and the way we organize most LLCs that we...