Category: Corporate

More and more, morality clauses are becoming standard features in executive-level employment contracts. For decades, such clauses have been included as standard practice in sports, film, TV, and other types of celebrity employment contracts. Given how important reputation has become in modern business operations, morality clauses are now being added to employment contracts. Typically, morality […]

A federal court in Texas has issued a decision holding that the Federal Trade Commission’s (“FTC”) Rule banning the use of employee non-compete agreements is unlawful. See Ryan, LLC v. Federal Trade Commission (U.S. Dist. ND Texas 2024). The court held that the FTC’s Rule was invalid nationwide and was not limited to the parties […]

On June 28, 2024, the U.S. Supreme Court handed down its decision in Loper Bright Enterprises v. Ramondo. In that decision, the Supreme Court overturned what is called the Chevron doctrine, which required federal courts to give great deference to a federal regulatory agency when that agency interprets an ambiguous provision in a statute over […]

When an e-commerce business is bought and sold, the buyer and seller generally sign an Asset Purchase Agreement (“APA”). An is a document setting out the obligations of the parties and various other terms and conditions of the sale. An APA is generally the method of buying most of an e-commerce business’s assets rather than […]

Being threatened or investigated by the FTC? Call us here at Revision Legal. We can help. The Federal Trade Commission (“FTC”) is one of the main federal regulators that investigates and brings administrative and legal actions to enforce various federal laws. These include claims involving: Why you need an FTC defense attorney The FTC can […]

Employment contracts for senior-level executives are, for obvious reasons, more challenging to negotiate. The key provisions to negotiate include duties (although this is often non-continuous), base salary, incentivized pay (including short and long-term incentives), benefits, company-paid perquisites (like travel arrangements, use of company-owned property, etc.), for-cause terminations, severance and what happens (if anything) if there […]

Preemptive rights are related to the ownership percentages of corporate entities like corporations and limited liability companies (“LLCs”) if and when said entity issues additional ownership/membership interests. Say, for example, that a member of an LLC currently has a 10% membership interest. For ease of math, assume 100 membership interests have been issued. If the […]

Many people are familiar with capital calls as common aspects of venture capital and equity investment funds. As an example, Investor A commits to help fund a $20 million investment by contributing $1 million, but only 10% is due at the start. As time passes, the investment fund managers send out written capital calls which, […]

For about a decade or so, esports gaming and tournaments are “big business.” According to this media outlet, the “… global eSports market is projected to grow from $1.72 billion in 2023 to $6.75 billion by 2030,” with the North American share being about 30%. There are many variations, but often, esports tournaments involve organized […]

“Piercing the corporate veil” is a legal doctrine that, in some cases, allows the individual owners of a corporate entity to be held personally liable for corporate debts. Generally, the corporate structure prevents creditors of the corporation from holding the owners legally liable. For example, if a company buys inventory on credit but ultimately defaults […]