The American Arbitration Association has introduced Alternative Fee Arrangements for arbitrators. In lieu of the traditional hourly rate billing, for any two party commercial or construction [...]
Bank Sues Wrong Party, But Attorneys’ Fees Still Not “Ascertainable Loss” Under Pennsylvania’s Uniform Trade Practice and Consumer Protection Law
In Risk Mitigation PostedOn September 5, 2018, the Superior Court filed an Opinion in American Express Bank, FSB v. James Martin and Amazing Masonry, LLC, No. 181 EDA 2018 (Pa.Super. filed Sept. 5, 2018) [PDF], [...]
Changes to Federally Funded Invention Rights & Licenses
In Intellectual Property, Risk Mitigation PostedEffective May 14, 2018, the rules implementing the Bayh-Dole Act (specifically, 37 CFR § 401 and 404) were changed in some important ways that impact patent protection of federally-funded [...]
Currently, written instruments controlled by Pennsylvania law have had two different statutes of limitation. Most written contracts must be enforced within a four-year statute of limitations. [...]
The Deadline for EU General Data Protection Regulation Compliance Fast Approaches
In Corporate Issues, Risk Mitigation PostedOn May 25, 2018, the EU General Data Protection Regulation (GDPR) takes effect. The GDPR will impact any US business that (1) collects information directly from EU citizens (e.g., online sales, [...]
Yes, #YouToo: Top 5 Steps You Should Immediately Take to Protect Your Business Against Sexual Harassment Lawsuits
In Employment and Labor, Risk Mitigation PostedThroughout the end of 2017, reports of sexual harassment and sexual assault dominated the news cycle. Although initially focused on the entertainment industry, due to the explosive allegations [...]
Section 831(b) Micro-Captive Insurance Arrangements Again Listed on the IRS’ “Dirty Dozen” List of Tax Scams for 2017
In Risk Mitigation, Tax and Estate Planning PostedBy including micro captives on the list, the Service has telegraphed that it will continue vigorously challenging micro-captive arrangements. For three consecutive years, the Service has targeted [...]
On September 7, 2017, Equifax Inc. announced that it had experienced a security breach of approximately 143 million US consumers’ private data, including names, Social Security Numbers, [...]
Dentists who own and operate private practices are responsible not only for performing clinical services, but oftentimes also for numerous administrative tasks including managing human resources, [...]
Assets owned in a revocable living trust go directly to named trust beneficiaries when you die, eliminating the process of probate from their assets. That can make a living trust a valuable [...]