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Anyone following summer motion picture releases will note the seasonal prevalence of big budget sequels to successful films. In some instances, sequels are derived solely from the scripts of previously produced motion pictures (<i>e.g.</i>, <i>Terminator</i>, <i>Night at the Museum</i>). In other instances, they connect with books or book series that were made into one or more prior films (<i>e.g.</i>, <i>Harry Potter and the Half-Blood Prince</i>, <i>Angels & Demons</i>). Mindful of the vast rewards that can flow from these so-called "franchises" (<i>e.g.</i>, the James Bond franchise), Hollywood studios structure their agreements with book authors to maximize their chances of creating one.
Features
Highlights of the latest franchising news from around the country.
It's not common that a franchise is embroiled in a dispute that has the potential to disrupt or force operational changes to the entire system. But when those situations arise, franchisors are faced with the unpleasant decision whether it's worth taking on the "bet-the-system" challenge.
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Unless one is aware of the potential pitfalls, even so-called "iron-clad" indemnification clauses or insurance provisions in a franchise agreement can be all for naught. This article discusses the interplay between insurance, indemnification, and the default common-law rules, so that franchisors and franchisees can avoid those dangerous pitfalls.
Highlights of the latest equipment leasing news from around the country.
Features
Private companies should take advantage of the unprecedented funding created by the American Recovery and Reinvestment Act. Before they avail themselves of that funding, however, they must take careful stock of the requirements that accompany every aspect of the grant, from accounting under a grant to intellectual property created with those grant funds.