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News Briefs
IFA Projects Modest Growth in 2013
The International Franchise Association (“IFA”) is projecting that the franchising industry in the United States will grow slowly in 2013, at a pace slightly below the level recorded in 2012, “yet the industry will continue to outpace growth in other business sectors.” The IFA's annual Franchise Business Economic Outlook for 2013 forecasts that the number of franchise establishments in the United States will increase by 1.4% in 2013 to 746,828, just short of the 1.5% growth in 2012. The number of jobs in franchise establishments will increase 2% in 2013 (following a gain of 2.1% in 2012) to 8.262 million. The output of franchise establishments in nominal dollars in 2013 will increase 4.3% (following a 4.9% increase in 2012) to $802 billion. The gross domestic product (“GDP”) of the franchise sector is projected to reach $472 billion, or approximately 3.4% of U.S. GDP in nominal dollars. The report can be found online at http://franchise.org/uploadedFiles/Franchise_Business_Outlook_12-17-2012.pdf.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
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.
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.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.