Features
Determining the Rights of Heirs In Copyright-Renewal Interests
The digital age and widespread, unauthorized Internet downloading have raised doubts about the strength of copyright protection. But the durability of entertainment content has nevertheless kept renewal interests in copyrights alive. It is often the children and spouses of deceased artists who are involved in fights over the economic promise of these copyright renewals. <br>Primary issues in cases claiming renewal-interest rights include the limitations period for filing a claim and how the renewal interests should be divided among an artist's heirs. Two recent cases demonstrate how these claims play out.
Taping Or Filming A Stage Production
Forty years ago, it was next to impossible to tape or film a stage production on Broadway or Off-Broadway in New York City. The various unions hadn't crystallized their demands, but for the most part, they didn't want to see it done. The feeling was that any taping of a play would shorten the run.<br>But it was inevitable that arrangements would be made so that stage productions could be taped and filmed for archival purposes, for teaching purposes and for commercial presentations in other media. It was also inevitable that there would be a price to pay for this.
Clause & Effect
Comic-Book Characters/Profit Particpation <br>Merchandising Licenses/Scope Of Rights Granted
Features
FASB to Change Leveraged Lease Accounting Rules: LILO Settlements to Trigger Rerunning the Earnings
The Financial Accounting Standards Board met on Nov. 17, 2005 on the subject of the accounting impact of IRS settlements of Lease-In-Lease-Out ("LILO") and Lease-To-Service Contracts (aka "SILO"). To the surprise of the leasing industry, the FASB reached tentative conclusions that a change in the timing of cash flows requires a recalculation of the leveraged lease earnings and the lease classification should be re-examined. The recalculation of earnings results in a large, negative catch up adjustment and a positive adjustment to future earnings, but spread over the life of the lease. The lease classification issue should not be a problem.
A Senior Secured Lender's Guide to the Risks Posed By Junior Secured Debt
In theory, a borrower's issuance of junior secured debt is a boon for its senior secured lender. The borrower obtains additional capital, and the claims of the junior lender against shared collateral, since "subordinated," don't diminish the senior lender's prospects for repayment. In practice, however, a senior secured lender should view proposed junior secured financing skeptically because the existence of such debt can become highly problematic for the senior lender. The key to protecting the senior lender lies in properly negotiating and documenting the intercreditor agreement with the junior lender to eliminate, or at least minimize, the myriad ways in which the junior lender's rights may, in practice, limit — or even trump — those of the senior lender.
Features
In The Marketplace
Highlights of the latest equipment leasing news from around the country.
Features
Good News Out of Florida for Lessors
Decisions rendered by different courts in Florida provide good news for equipment lessors doing business in this state. One case supports a lessor's early termination charges challenged in a class action, and another supports the structure of a computer equipment lease as not being subject to documentary stamp taxes.
Features
A Haven For Straight Talk: <b>Why Aren't You Blogging?</b>
I've already lost some of you. That's great. When I can turn off 25% of my readers with just the subtitle, I know that the rest of you will be getting some actual value and not just a bunch of regurgitated, freshman-year marketing pap. Here's the one-sentence version of the article for all of you out there with adult ADHD: <br>If your firm doesn't have at least one serious blogger for every major practice and industry group, you've got clients who are, at this minute, reading a competitor's blog.
Need Help?
- Prefer an IP authenticated environment? Request a transition or call 800-756-8993.
- Need other assistance? email Customer Service or call 1-877-256-2472.
MOST POPULAR STORIES
- Bankruptcy Sales: Finding a Diamond In the RoughThere 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.Read More ›
- Removing Restrictive Covenants In New YorkIn 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?Read More ›
- Professional Development: How to Be An Ally In the Legal ProfessionLast year law firms sent out announcements about their commitment to Diversity, Equity, and Inclusion (DEI) efforts in response to racial tensions. One of the initiatives firms stated they implemented is a formal allyship program. However, allyship in not a program or a mindset. It is a verb.Read More ›
- Digital Dibs: Rival Views of Generative AI CopyrightsGAI platforms like ChatGPT and OpenAI often require very little human input, shattering this legal landscape's framework by posing a simple question: Who authored the material? We'll explore how two countries are answering this question in different ways.Read More ›
- The Brave New World of Cybersecurity Due Diligence in Mergers and Acquisitions: Pitfalls and OpportunitiesLike poorly-behaved school children, new technologies and intellectual property (IP) are increasingly disrupting the M&A establishment. Cybersecurity has become the latest disruptive newcomer to the M&A party.Read More ›