Business Law Archive

Explaining the Law of Tort Negligence

In layman’s terms, negligence is the failure to exercise ordinary care either via an action or omission. Negligence that is a breach or violation of Tort law occurs when a person does not take the …

Factors Considerations Small Claims Court

Many states in the United States, as well the Canadian provinces and other nations with legal systems based on the British model, have established “small claims” courts to hear civil suits for modest amounts of …

Bankruptcy Company Business Affect

Bankruptcy and insolvency can have a big impact not just to those directly affected, but also to those they deal with. Businesses are no different can be just as affected by bankruptcy and insolvency laws. …

Civil Lawsuit Checklist Prefiling

While every civil case is different, the steps involved in preparing a plaintiff’s case for filing are similar from one case to the next. This quick guide covers everything that happens from client engagement to …

Chapter 11 Bankruptcy

It’s pretty rare that an individual would file for Chapter 11 bankruptcy, so much so that in 1991 the U.S. Supreme Court had to reaffirm the individual right to Chapter 11 protection. Today, Chapter 11 …

Difference between Negligence and Intentional Tort

Tort law, which covers situations in which one person is wrongfully harmed or injured by another person (or organization), divides wrongdoing into intentional torts and unintentional ones, which usually take the form of negligence. The …

Executed Versus Executory Contracts

A contract is a compact between two or more parties and is either executory or executed. General Elec. Credit Corp. v. First Nat. Bank of Dumas, 432 S.W.2d 737 (Tex. Civ. App. Amarillo 1968). In …

Conducting a Preliminary Patent Search

You’re feeling ready to start the patent application process for your invention, but aren’t really sure how to proceed. You have your inventor’s notebook; you’ve done some online and in-store product research and have not …

Nonobviousness in Patent Law Patent Law

Under the patent laws of the United States, an invention must meet the requirement of being “nonobvious” in order to be patented or licensed for use in the country. This regulation is in place in …

What is a Quitclaim Deed

A quitclaim deed is a type of deed by which a person (the “grantor”) grants real property (i.e., land) to another person (the “grantee”) and also disclaims any interest that he or she may have …

Registering Copyrights

Registration of works of “original authorship,” as the U.S. Copyright office calls them, is unnecessary for copyright protection to exist in the United States. It exists as soon as the work is created and “fixed in …

Who does not Pay any Taxes

While almost half of all Americans do not pay any federal income taxes most Americans do pay some form of taxes in other ways such as in sales tax, payroll tax, state income tax, or …

Let’s not Overstretch the Law

The laws of patent, trademark and copyright vary from country to country. The laws and legal rights / obligations arising from them, therefore, differ in various parts of the globe. There are, however, some internationally …

Evalution of the Doctrine of Consideration

The doctrine of consideration has come under increasing fire in recent times due to its somewhat intractable nature and inconsistencies, however it can be argued that much of the ill effects it had engendered in …

What is the Durbin Amendment

The Durbin Amendment is an addendum to the 2010 Dodd-Frank Financial Reform and Consumer Protection Act. Its primary function is to cap fees related to retail debit transactions in order to lower retail costs and …

Small Business Copyrights Law

There are ten really important questions to know the answers to first before working with copyrights. This is important know-how for those truly innovative individuals, articulate, and artistic. The ten questions to be asked are: …