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IFA Legal Symposium: Franchise CEOs Emphasize Importance of Legal Counsel in Wide Variety of Business Issues
Legal counsel to franchise systems have responsibilities that range from drafting and updating UFOCs, to assisting with purchases of new systems, to monitoring legislative and regulatory activity. Which of these services are most needed by franchisors, and how can in-house or outside counsel maximize their value? A special CEO Roundtable session at the International Franchise Association ('IFA') Legal Symposium in Washington, DC, in May tried to answer some of those questions by bringing together four veteran franchisor CEOs who detailed how they work with inside and outside counsel and where they see legal flashpoints in franchising today.
Guided by moderator Lawrence 'Doc' Cohen, Chairman of IFA and a major franchisee of Great American Cookies, the CEOs praised the work of their legal advisers, and they offered expansive views of the impact that attorneys can have. 'I don't do anything, no matter how small it is, without going to our in-house counsel,' said Kenneth D. Walker, president and CEO of Meineke Car Care Centers. 'We're blessed to have a big enough system that we can have the experience of [long-time chief counsel] Ted Pearce ' and I can talk with him with a minute's notice. We think about the legal perspective, especially litigation, in every business decision.'
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?