Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Buying Into Or Offering Franchising Opportunities?
Traditional franchising is an established business technique that brings together the owner of a branded product with another. Here's the nuts-and-bolts of it: A franchisor provides a trademark or trade name, and a business arrangement; a franchisee pays a royalty, and often an initial fee for the right to do business under the franchisor's name and system. The contract binding the two parties is the franchise.
After the downturn in the Internet-advertising market, Internet merchants developed the pay-for-performance e-commerce sector. It worked this way:
- Internet merchants paid a commission to affiliates who directed people to their Web sites.
- More sophisticated affiliate programs were set up as revenue-sharing arrangements.
- The terms and conditions for these programs began to mimic franchise agreements.
Consider the following perspectives. As an affiliate for an online casino, some franchise agreements allow the franchisee to earn 33% to 50% of the value that Internet gamblers lose to the online casino. Affiliates for a home mortgagor earn $30 to $90 per referral under some agreements. But risk shadows reward ' that is, franchisees are then liable for the performance of services they promote.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
CLE Shouldn't Be the Only Mandatory Training for Attorneys
Each stage of an attorney's career offers opportunities for a curriculum that addresses both the individual's and the firm's need to drive success.