Two rather unknown and unrelated pieces of legislation enacted last year without much fanfare create nearly unparalleled opportunities for the affluent to further literally enrich their decedents. The combination of these two rather seemingly unrelated pieces of legislation enables literally affluent grandparents to leave significant amount of money for their grandchildren free of taxes. Let us see how.... Read More
Posted at 16:51 PM | PERMALINK
Topic: Business Law
Entering into a sports endorsement contract could pose its own unique challenges and qualms as counsel, agent and athlete seek to hammer out a relatively arm's length deal. Negotiating in good faith and knowing what client client desires lay the foundation for the agreement while knowing how to offer client guidance, insight and expertise when needed seeks to forestall problems down the road. Let us, to some extent, further enlighten ourselves about sports endorsement contracts.... Read More
Posted at 19:20 PM | PERMALINK
Topic:
Entertainment Law
Commercial leases, understandably, are rather different from residential leases. While drafting commercial leases, counsel should consider points not necessarily deemed salient for drafting residential leases. Some of these points include but are not limited to option terms, definition and applicability of net leases, timing and effect of tenant's bankruptcy on lease termination and viability of tenant's date of possession clauses. Let us explore such points further.... Read More
Posted at 17:41 PM | PERMALINK
Topic: Commercial Leasing
Dollars are what an entertainment project desperately needs to get off the ground. To find the dollars, producers or production companies often resort to people who know how to raise part of the money needed.Finder Agreement is the contract between such producers or production companies with those who know, at least theoretically, who to approach and how to raise much needed funds. Nonetheless, Finder Agreements are not simple straightforward documents.... Read More
Posted at 16:35 PM | PERMALINK
Topic:
Entertainment Law
If you are a parent and offering your child a summer job, despite the gloomy economic picture, both you and your child should, generally, be in a better position. In fact, employing your child would bestow upon you some coveted and some vaunted exemptions. Nonetheless, you should be mindful of some salient points to avoid tax pitfalls. Let us explore, to some extent, the points and pitfalls of your child's summer employment.... Read More
Posted at 16:25 PM | PERMALINK
Topic: Business Law