A new US Department of Labor (“DOL”) Regulation that is set to go into effect on December 1, 2016 provides for overtime pay to individuals that are earning up to a salary of $47,500. This means even if, they are … Continue reading
Gender discrimination may be more prevalent in Silicon Valley, the Startup and VC culture than most realize. The reality is that most partners, VCs and Startup CEOs are men. The Ellen Pao trial has brought these issues to light, but … Continue reading
Many tech startups are started by immigrants to the United States and they require a visa to continue to stay in the U.S. Often, the startups are created and operated by immigrants that do not know if, they will be … Continue reading
1) Wait time to go through security screenings for workers is not compensable under the FLSA and the Portal to Portal Act, because it is not part of the principal activities the employees were hired to perform. Integrity Staffing Solutions … Continue reading
How do you draft a good Master Technology Service Agreement? What do you consider? What is reasonable? What is foreseeable? What is too remote? How do you respond to an Evidence Preservation Letter? What is your clients’ doom and gloom fears? These are all things that all technology and information technology consultants and teams have to consider and make good decisions on. Without having a good team of professionals that can identify the areas of risk for the clients, the method and means of exploiting known or identified vulnerabilities, and creating a prompt data security protection protocol you may end up losing out from a change in ISPs or IT vendors.
Having good change management procedures is vital to the success of your clients and to protect them from many would be competitors looking to acquire your clients’ knowledge, trade secrets and intellectual property. A good first step for protecting your clients is using good provisions in your Master Technology Service Agreements that all vendors have to comply with to ensure that the proper procedures are followed to ensure that key personnel, key clients, key vulnerabilities, key consultants and key terms and caveats are negotiated and drafted to protect against reasonably anticipated problems.
The Master TSA allows for a method of interjecting vital controls that can be adapted to the needs of the clients–sometimes all that is needed is a wise and seasoned Chief Technology Officer (“CTO”). Other times–key schedules and predefined procedures to follow for implement changes in information technology services or hardware. Sometimes good limitations on damages, warranties and representations and third party indemnification provisions are required to ensure that your clients are protected from potential errors in the change management procedures.
Finally, having good enforcement and corrective actions predefined and provided for in the Master TSA will save you a lot of headaches down the line–including delays based on the need for board or shareholder’s approval, manager or member’s approval, or similar delays that may be required in following corporate formalities. Sometimes a rigid adherence to corporate formalities can allow a problem to become bigger over time and based on delays–it is generally advisable to deal with these types of data security problems sooner rather than later.
For more go to: http://www.bipeblawg.com, http://www.vrplawgroup.com, http://www.eebrunchclub.com
Posted in Angel Investment Updates, Commercial Agreements, Copyright Updates, Corporate Counseling, Cyberlaw Upddates, Employment Law Publication, Employment Law Updates, Entertainment Law Updates, General Business, General Litigation, IP Publications, Last Week's Update, Mergers and Acquisitions, Patent Law Publications, Patent Law Updates, This Weeks Update, Trademark Law Updates, Trial Updates
Tagged CFCA, Chicago Attorney, Chicago Copyright Attorney, Chicago Copyright Lawyer, Chicago Cyberattorney, Chicago Cyberlawyer, Chicago IP Attorneys, Chicago IP Counsels, chicago IP lawyers, Chicago IT Attorney, Chicago IT Attorneys, Chicago IT Counsel, Chicago IT Counsels, Chicago IT lawyer, Chicago IT Lawyers, Chicago Lawyer, chicago patent attorney, Chicago Patent Counsel, chicago patent lawyer, Chicago Technology Service Agreements, Chicago Trademark Attorney, Chicago Trademark Counsel, Computer Fraud and Abuse Act, Data Security, Hacking, IT Agreements, IT Litigation, Master Service Agreements, Technology Agreements, Technology Attorneys, Technology Counsel, Technology Law Firms, Technology Lawyer, technology lawyers
Third Installment of the Fall 2014 Competition Thank You to the Panelists! Paul Durbin of Miller and Canfield, Lt. Governor Sheila Simon running for Comptroller of Illinois, Ron Kirschner founder of Heartland Angels, Tom Kastner Woodbridge International and GP Ventures, William Bennett of Level Office and Vihar R. Patel Founder of EEBC-It’s Just Brunch Club! and Managing Attorney for VRP Law Group.
This was a special privilege and honor to have the collective experience, guidance and wisdom of all the panelists to be a great opportunity for the sharing and exchanging of ideas and knowledge for the benefit of Chicago Entrepreneurs and the StartUp Community!
For more go to: http://www.eebrunchclub.com or http://www.vrplawgroup.com Fall2014EEBC_Thank You_Announced_Press Release_102314
Posted in Angel Investment Updates, Commercial Agreements, Copyright Updates, Corporate Counseling, Cyberlaw Upddates, Employment Law Updates, Entertainment Law Updates, General Business, General Litigation, IP Publications, Last Week's Update, Mergers and Acquisitions, Patent Law Publications, Patent Law Updates, This Weeks Update, Trademark Law Updates, Trial Updates
Tagged 1871, Angel investors, Chicago Entrepreneurs Attorney, Chicago Entrepreneurs Counsel, Chicago entrepreneurs lawyer, Chicago Investors, Chicago Lawyers, Chicago Startup Chicago, CIPLIT, DePaul University, EEBC, EEBC Competition, EEBC Quarterly Start Up Competition, EEBC Start Up Business Plan Competition, EEBC-It's Just Brunch, Entrepreneurs, Entrepreneurs Attorney, Entrepreneurs Counsel, Entrepreneurs Lawyer, Executive Summaries, Executives, Incubators, Industrial Corridor of Near West Chicago, Lawyers, Panelists, PPM, Private Placement Memorandums, SBA Development Centers
In an interesting Ruling from the IL First District Appellate Court, a panel found that it was not possible for the parties to a divorce proceeding to contractually waive the attorneys’ right to legal fees or file a fee petition. … Continue reading
The Entrepreneurs and Executives Brunch Club (EEBC-It’s Just Brunch!) is hosting the second of its Quarterly Competitions at DePaul Law School on June 21, 2014. Our First, Quarterly Competition featured the Lt. Governor now running for Comptroller-Sheila Simon as a Panelist. The EEBC was proud to also have local Angel Investors, Private Equity Investors, Venture Capitalists, and local attorneys as additional panelists on the Quarterly Competitions!
Our experienced and renowned Permanent Panelists, such as, Ron Kirschner of Heartland Angels, Loren Minkus of Heartland Angels, Tom Kastner of Woodbridge International and GP Ventures, Len Bland of the Midwest Renaissance Fund and local Angel Investor-Vihar Patel of VRP Law Group and founder of the EEBC-It’s Just Brunch and the Quarterly Competitions! The EEBC is looking forward to hosting the event at the same venue as last time in Room 341 at DePaul Law School with breakfast and an opportunity to vote for the winners of the Companies’ participating in the event.
The EEBC is an organization devoted to providing educational opportunities to local professionals and entrepreneurs through our Saturday Brunches and invests about $8,000 annually in the local companies and entrepreneurs. These competitions are a great way to practice your pitches for other Angels, Venture Capitalists, and Private Equity Investors. We look forward to another successful event that allows for access to capital and becoming a member of the Entrepreneurs and Executives Brunch Club, and you can join and find profiles of members at the following link: http://www.meetup.com/Business-Owners-Entrepreneurs-and-Executives-Brunch/events/174802402/ and https://www.linkedin.com/home?trk=nav_responsive_tab_home
More information can be found about the background, history, and origin the Entrepreneurs and Executives Brunch Club and the link can be found at: www.eebrunchclub.com, http://www.eebrunchclubitsjustbrunch.com, http://www.vrplawgroup.com, http://www.chicagoentrepreneursattorney.com
Posted in Angel Investment Updates, Copyright Updates, Corporate Counseling, Cyberlaw Upddates, Employment Law Publication, Employment Law Updates, Entertainment Law Updates, General Business, Mergers and Acquisitions, Patent Law Updates, This Weeks Update
Tagged Angel investors, capital acquisition, EEBC, EEBC-It's Just Brunch, Entrepreneurs and Executives, Entrepreneurs and Executives Brunch Club, monies or funding, Quarterly Startup Competitions, seed funding or monies, venture capitalists, VRP Law, VRP Law Group