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If you have been in just about any business for long enough, there is a chance that you have heard of non-disclosure agreements, also known as NDAs. These surprisingly common legal agreements play a key part in many businesses, even though they are not always well understood. But what exactly is an NDA, and how might it be able to benefit you and your business?
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While no one enjoys the prospect of going to court to settle a legal issue, it can be especially harrowing for business owners, for whom the time and expense of a lawsuit can be significantly damaging to their companies. Fortunately, mediation offers a relatively low cost and less formal alternative for conflict resolution that businesses like yours may be able to take advantage of. Here are five types of business disputes that you can potentially resolve through mediation:
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Whether you are a business owner or an employee, you may need to deal with the issue of sexual harassment. This kind of behavior can result in a toxic work environment that can make it harder for employees to do their jobs, and potentially result in serious legal liability for employers. Here are seven potential signs of sexual harassment in the workplace that you should be wary of:
While there are many ways to potentially organize your business, one often-overlooked option that can work for many companies is the so-called “S-Corp.” Depending on your circumstances, it can be a great way to minimize your legal liability and save on taxes, while still benefiting from the protections that a corporation provides. But what exactly is an S-Corp, and how do you know if it might be appropriate for your business?
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An often overlooked issue for many businesses, especially smaller businesses that are just starting out, is their employee manual. This seemingly innocuous document can have a surprisingly critical role in protecting companies from potential liability, depending on how it is written. But why exactly does your employee manual matter, and why might you need a lawyer to help you write one.
Employment misclassification is an issue that can be significantly worse than it sounds, even when it is entirely unintentional. This is due to the legal and financial burden it can place on employers and employees alike when it happens. But what exactly is employment misclassification, and why should you worry about it happening in your business?
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In a recent decision, a federal district court in Texas has set aside a rule by the Federal Trade Commission (FTC) which made it illegal for employers to use noncompete agreements in an employment context. This means that existing agreements will still be considered valid and enforceable for the time being, although the rule remains on the books while the case is being litigated. However, the FTC has vowed to appeal the court’s ruling, placing its future in jeopardy.
GARDEN CITY, NEW YORK — Andrew Sack, a sports law attorney with The Law Offices of Steven Mitchell Sack, says private equity (PE) investment in National Football League (NFL) teams will not only be beneficial for the sport, but will result in improved fan experiences and engagement.
After five years of discussions, the NFL recently announced that PE funds will now be allowed to buy a stake in an NFL team after it was approved by the owners by a 31-1 vote. However, this comes with some restrictions. For example, they can own no more than 10% of a team. They can only have a stake of up to six teams and must hold onto that ownership for at least six years.
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Whether you are an employee or an employer, it is essential to have a grasp of the laws that prohibit employment discrimination, which includes Title VII of the Civil Rights Act (Title VII) and Title I of the Americans With Disabilities Act (ADA). For employees, these laws provide important legal protections, while employers can potentially be liable for violating these laws. Here are five important things you need to know about employment discrimination:
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The question of how to structure your business is essential, but the ideal business organization for you may change over time. Between legal and financial liabilities as well as the potential for growth, it can sometimes be a good idea to reorganize your company. But when might it be a good idea to consider reorganizing your business, and what are the potential benefits of doing so?
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