Monthly Archives: October 2015

GMO Labeling Law is Rejected Yet Again!

Did you know that a majority of your produce such as tomatoes, corn, and potatoes have been genetically engineered? This process is most definitely just as complex as it sounds. In effort to speed the growth process, scientists transmute and transplant certain genes or genetic codes from one living organism to another. This occurs between

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Consumer Financial Protection Bureau Considers Arbitration Rule Change

The Associated Press reports that the Consumer Financial Protection Bureau (CFPB) is considering a change to its rules that would allow consumers to file class action lawsuits against banks and other financial companies to resolve disputes over alleged unfair practices that affect them as a group, even where the consumers are parties to mandatory arbitration

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Corporation or LLC: What is the Difference?

Starting a new business is an exciting prospect, but it can be daunting, as well. One of the first challenge you will face is choosing the appropriate structure for that business. Both a corporation and a limited liability company (LLC) are popular options as both shield business owners from the business’s liabilities. What is a

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Officer and Director Indemnification

When a corporation is launched, a board of directors is established to run the business as a unit. Officers are elected by the board members to carry out daily functions of the corporation. As founder and/or shareholder, you are placing a great deal of faith in these selected individuals to handle your financial matters. As

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What Does a Board of Directors Do?

When a corporation is founded there are several provisions that must be met at the time of filing. Usually when the founders of the corporations envision the operation of their businesses, they see themselves as the boss, the decision-maker, or the superior in the hierarchy of individuals involved. Oftentimes, founders are reluctant in relinquishing any

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What is an Invention Assignment Agreement and Why Do I Need One?

In today’s business world, securing your company’s intellectual property is critical to your success.  This property includes any inventions, ideas, technology, improvements, or other developments your employees create while working for you. Before you can protect it, you must own it. An invention assignment agreement gives your company ownership rights to all your employees’ inventions

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The Effect of GMOs on Organic Certification

Genetically modified organisms (GMOs) are organisms whose genes are altered using scientific means. In farming, GMOs such as seeds may be created in order to withstand drought or other extreme weather conditions, or created to withstand insects that would otherwise not let the crops produce. While the goal of GMOs may sound altruistic, there are

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The Importance of a Well-Drafted Employee Handbook

Having clear guiding principles and expressing them to your employees is important in any business. Having an employee handbook in which the company’s or organization’s principles, policies, procedures, or other guidelines are stated can help resolve cases of personnel misunderstanding and misconduct more quickly. An employee handbook can also be helpful if a business is

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Fair Use and the Digital Millennium Copyright Act

The Digital Millennium Copyright Act (DMCA) is an important law for copyright owners, as well as for internet service providers who provide an avenue for people to showcase possibly copyrighted works. Under the DMCA, a copyright owner policing his or her copyright can send an internet service provider a takedown notice if the owner believes

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Bylaws: What are They and Why are They Vital in a Corporation?

When a corporate entity is established and the necessary filings are made with the state or federal governmental department, there must be a set of rules implemented that governs the activity within the corporation. These rules that lay out the inner workings of an organization are referred to as bylaws. Bylaws merely formalize decision-making, describe

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