Business Law Blog
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Joint Venture Exit Provisions
Two or more parties often form a joint venture to undertake a business opportunity together. The joint venture partners typically form a new entity and contribute assets and/or services to the joint venture. They then share the revenues and expense…
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Joint Venture Exit Provisions
Litigation Law Blog
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Preventing Personal Liability for the Missteps of the Limited Liability Company: 5 Critical Take Away Points From the North Carolina Courts
Members, managers, directors, and executives of limited liability companies (“LLC”) are provided protections under North Carolina law which limit their personal responsibility for obligations incurred by the LLC. This limitation includes liabilities incurred for professional negligence, malpractice, and other wrongdoing attributable to the LLC and other employees or members of the LLC. There is, [...]
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Preventing Personal Liability for the Missteps of the Limited Liability Company: 5 Critical Take Away Points From the North Carolina Courts
IP Law Blog
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New Importance of Meeting Section 101 Requirements
On March 20, 2012, the Supreme Court handed down its opinion in Mayo Collaborative Services v. Prometheus Labs., Inc., No. 10-1150. In this case, the Court considered the validity of two patents belonging to Prometheus with claims directed towards th…
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New Importance of Meeting Section 101 Requirements
