This month’s Business Bytes highlights business owner disputes, copyright, and digital assets.
50/50 Owner Disputes. Forcing another 50% owner to sell the business or buy you out for any reason is extremely difficult and expensive, often resulting in irreparable harm to the business. To avoid this disastrous conflict, agreeing to a buy-out plan or exit strategy before a conflict arises allows the business to prepare and fund for the inevitable situation and gives the 50/50 owners the opportunity to exit or acquire the business without its loss. READ MORE.
Copyright Primer. While knowledge about and use of “copyright” is widespread, there are a lot of misconceptions. Those misconceptions about or lack of understanding of copyright law can result in substantial losses to a creator and substantial liability to even an “innocent” user. READ MORE.
Digital Assets. When drafting wills and estate plans, attorneys often fail to consider or counsel their clients about preserving, valuing, and transferring digital assets. From bitcoin to social media, to electronic account access, to loyalty points, these digital assets can have substantial value that could be lost if accounts, passwords, passcodes, usernames and licenses are not collected and recorded. READ MORE
