A royalty agreement is used when a transaction involving intellectual property occurs. It is a document concerning two parties, typically referred to as a licensor and licensee, granting the licensee the right to use intellectual property for a predetermined length of time. A royalty is a payment made for the sale or use of an … Read Article
Virtual book clubs have soared during the pandemic and the publishing industry took flight as well. “Still, it remains to be seen whether the reading-favorable environment of stay-at-home living has been just a short-term stimulant or represents a longer-term trend; and whether books can hold their share of consumers’ discretionary time and budgets vs. the … Read Article
The impact of the 2020 global pandemic is now evident in a variety of business documents designed to continue efficient operations in the wake of unprecedented volatility. From REITS (Real Estate Investment Trusts) to nursing homes, from Apple to Pixelworks, businesses have had to adapt quickly both from an operational and legal standpoint to reassure … Read Article
Novations carry certain features that make them distinct from other types of similar agreements.
A lockbox agreement is used in “lockbox banking”, a service implemented by banks which enables companies to securely and conveniently accept payments at specified post office boxes in lieu of having the payments go directly to the companies.
Did you fail to spell out “pandemic” or “disease” in your force majeure clause? Or fail to include a force majeure clause altogether in your contract? Should you have foreseen the chaos caused by COVID-19? The language of contracts will likely be changed forever in the wake of the disruption to businesses as a result … Read Article
Force Majeure is a legal definition encompassing a collection of unlikely yet not impossible hindrances to performance in a contract – such as a fire, a flood, an Act of God, or possibly a global pandemic among other things. A force majeure clause in a contract generally excuses any or all delays in performance as … Read Article