In our firm's January 2016 Client Alert, "Prohibitions Against Pay Secrecy Policies," we discussed the impact of President Obama's Executive Order 13665 ("EO") and a Final Rule issued by the Department of Labor expounding upon the EO. The EO requires government contractors to amend confidentiality agreements to eliminate restrictions prohibiting employees from questioning other workers about their pay. The January Client Alert is available at /Client-Alert-Pay-Secrecy-Policies-Jan-2016.pdf.
Virginia readers may have heard about the defamation lawsuit last month involving a University of Virginia administrator and Rolling Stone magazine. The case involved a two week trial over whether Rolling stone and one of its authors defamed the administrator in an article which raised national attention on sexual assault on college campuses.
Many entrepreneurs in Virginia dream of opening businesses. However, no start\-up company can be a long-term success without proper financial planning. Focusing on purchasing stock for the business, signing a property lease and other steps cannot receive the necessary attention if personal debt deters and distracts the new business owner. Until the company has a credit history, it will be the owner's credit score that matters. At first, all attention must be on projecting expenses -- both start-up and ongoing -- not forgetting potential accounting and legal fees, computer software and hardware, scanners, printers and an office.
An entrepreneur in Virginia who has plans to start a business may have a friend or family member who was involved from the outset and now expects to be a partner. While sharing ownership of the small business may sound like the ideal situation at that time, there is a reason why some say business and friends or family should not be mixed. Certain precautions may protect an entrepreneur in a partnership.
We've been looking in recent posts at the topic of non-compete agreements, including the requirements Virginia state law has established for them as well as recent legislative recommendations made by the Obama administration regarding non-compete agreements.
Last month, the Obama administration released a report in which it made several legislative recommendations regarding non-compete recommendations. As we noted previously, states currently have different policies regarding non-compete agreements, with some allowing employers more freedom to use these agreements to prevent competition than others.
In our last post, we began looking at the issue of non-compete agreements. As we noted, such agreements are valid and enforceable in Virginia, but there are certain requirements that must be followed. The first of these, that the agreement is not unduly restrictive on
For businesses, creating unique, marketable goods and services which are competitive in the marketplace, as well as creating a unique brand and protecting proprietary information from competitors, are key to success. This is especially important in industries where there is constant innovation as there is in the technology sector.
Last time, we began looking at a recent Virginia case highlighting the significant amount of money that can be at stake in licensing agreements. Without going further into the details of the case, it is evident that a lot of money was at stake in the case, and this says something about the importance of licensing agreements.
In previous posts, we have spoken about licensing agreements as being a useful tool for businesses in protecting their intellectual property rights. Licensing agreements not only acknowledge a business’ property rights with respect to intellectual property, but also allow the business to profit from other business’ use of protected information, goods, or services.