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BABM Magazine > Best Practices > Legal

Legal Best Practices Magazine

 

Welcome to BABM Legal Best Practices where you can read succinct articles online. The articles will provide you with valuable information that can be immediately implemented to help take your business and personal success to the next level.

Protect Your Idea$ Part II
Turning Ideas Into Value

by Brent C.J. Britton
Published: April / May 2008

Last month we covered the importance of intellectual property (IP) and went into a bit of detail about trademarks and patents. This month, we’ll dive into copyrights.

ENSURE YOUR INTERNSHIP PROGRAM COMPLIES WITH FEDERAL REGULATIONS TO AVOID REAL - WORLD HEADACHES
By Wendy Smith, Fisher & Phillips LLP – Tampa office
Published: April / May 2008

While internships offer students unparalleled opportunities to gain valuable real-world work experience and hands-on career development, internship programs can create real-world problems under the Fair Labor Standards Act (FLSA) for employers. In order to make the most of an internship program, employers should be aware of the laws and make efforts to ensure compliance with the criteria outlined by the FLSA.

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Legal Best Practices Magazine

 

Consumer Credit Collection:
How to Avoid Debt Elimination Schemes

By Louis M. Ursini, III, Esq.
Published: February / March 2008

It is no secret that the current credit crisis is significantly affecting a consumers’ ability to pay their debt. As government regulations have increased the minimum monthly payment required on revolving credit accounts, along with higher variable interest rates and stiffening bankruptcy regulations, consumers are faced with fewer opportunities for relief.

Protect Your Idea$
Turning Intellectual Property Into Value

By Brent C.J. Britton
Published: February / March 2008

In our capitalist economy, management is expected to fiercely seize every lawful opportunity to increase company valuation. Intellectual Property (IP) law provides many such opportunities of which the wise entrepreneur should be aware.

Hold That Bottom Line
The Big Ten of Business
By Neil R. Covert and H. Michelle Yang
Published: November 2007

Are you a business owner? Like many in the Greater Tampa Bay Area, you probably have a list of concerns about the health, wealth, and sustainability of your business. As the principal or owner, you are in a unique position of control, and in turn, a far more vulnerable role – both financially and legally – than any other individual within the company. Without a clear, focused plan to manage what bumps in the road may appear in the future, you could find yourself in deep regret, or worse, financial ruin. Planning ahead is essential to protecting the success of the business you have worked so hard to build.

Dangerous Digital Information
Email as “Exhibit A”

By Christopher Griffin

Because electronic information has become increasingly important in today’s business world, it has become equally important as evidence in modern litigation. According to MIT’s Center for Technology, Policy, and Industrial Development, 50 percent of evidence in cases today is email, and U.S. companies spend $4.6 billion annually to analyze those emails. In addition, several courts have imposed severe penalties on companies that failed to maintain or produce electronic information in the course of litigation discovery. In some of those cases they have given juries an “adverse inference” instruction, allowing the jurors to assume that unrecoverable emails would negatively have impacted the defendant’s case. And, in one such case, the court permitted this negative inference despite the defense counsel’s repeated directions to company employees not to delete any electronic information, and requests to company IT personnel to stop recycling backup tapes, finding that those actions were insufficient because certain electronic evidence still was not retained.

 

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