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Avoiding Tax Pitfalls in New York Real Property Transfers in Separation and Divorce Image

Avoiding Tax Pitfalls in New York Real Property Transfers in Separation and Divorce

Eli Uncyk & Jeffrey S. Kofsky

Most divorces involve the transfer of a marital residence between the parties as part of equitable distribution, especially when there are minor children who will continue to reside in the family home.There is a transfer tax payable on the transfer of real estate, including the marital residence, in connection with the implementation of the marital settlement agreement or divorce.

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Drafting Film Production Compensation Clauses In Light of State Tax Credit Requirements Image

Drafting Film Production Compensation Clauses In Light of State Tax Credit Requirements

Thomas D. Selz

Compensation provisions in entertainment contracts are in one or two subparagraphs. To simplify drafting and to use “plain English,” the compensation provisions often contain introductory, governing language along the lines of: “In full and complete consideration for entering into and performing all of the terms hereof.” However, is such a “plain English” approach always a “best practice”?

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<i>Decision of Note</i>: Second Circuit Rules on e-Book Sample in Digital Locker Image

<i>Decision of Note</i>: Second Circuit Rules on e-Book Sample in Digital Locker

Stan Soocher

The U.S. Court of Appeals for the Second Circuit decided that an agreement between a book author and a publisher allowed a customer of distributor Barnes & Noble to retain a sample of the book in the “digital locker” the distributor provided to the customer.

Features

Former BET General Counsel Plays Role in Actress's Lawsuit Image

Former BET General Counsel Plays Role in Actress's Lawsuit

Stephanie Forshee

The longtime general counsel of Black Entertainment Television (BET) has a starring role in actress Gabrielle Union's contract case against the network. Union alleges she was duped into working on more episodes of her BET Networks show Being Mary Jane — without a break between seasons four and five to allow her time to continue to pursue her film career between the TV production schedule.

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