Changing Legal Landscapes for Digital Art
Technologies for digital art are rapidly changing, creating new legal issues. While some of the interest in NFT projects has waned, they haven’t gone away and there are new tools for generating art with AI, such as DALL-E 2, which allow artist or creators to create complete images with only a text prompt. Past technological… View Article
Posted on Sunday, October 2nd, 2022
An Introduction to the Corporate Transparency Act
In an attempt to combat money laundering and other illegal/illicit activities (via shell corporations, limited liability companies and other entities), Congress enacted the Corporate Transparency Act (CTA) as part of the Anti-Money Laundering Act of 2020. The CTA requires domestic and foreign “reporting companies” to report identifying information concerning “beneficial owners,” generally an entity’s major equity… View Article
Posted on Wednesday, September 14th, 2022
Watch Out for Trademark Scams
If you received something in the mail asking you to pay for a trademark or brand related service, stop, and read this before doing anything. If you apply for a trademark with the US Patent and Trademark Office you will need to provide a mailing address. That address is publicly accessible along with addresses for… View Article
Posted on Monday, November 15th, 2021
Frustration of Purpose and Impossibility Defenses Failed in Recent COVID Related Commercial Eviction
A recent case sheds light on a question many have been wondering about related to commercial leases and eviction related to COVID-19. The facts of this case are probably all too familiar recently. A landlord owned a shopping center and leased a space to a fitness center. Once the COVID-19 related governor’s executive orders were… View Article
Posted on Thursday, October 21st, 2021
New Minnesota Tax Laws Allows LLCs To Elect To Deduct At Entity Level
New Minnesota Tax Credit Available for Business Owners As of July 1, 2021, Minnesota owners of a pass-through entity may elect to be taxed at the entity level, which could reduce their federal tax liability. Minnesota limited liability companies (LLCs), partnerships, and S corporations have typically been treated as pass-through entities, so that the individual… View Article
Posted on Thursday, September 16th, 2021
Foreign Investment. What Is It and What Rules Apply? – Due Diligence for Sellers In M&A Transactions
Since 2020, more stringent rules have been in effect relating to transactions involving foreign nationals, which may need to be reported to the Committee on Foreign Investment in the United States (“CFIUS”) in M&A transactions.[i] These new rules cover a much wider range of transactions, which may not initially seem like foreign investment. CFIUS has… View Article
Posted on Tuesday, August 3rd, 2021
Trademarks For Software And Digital Products
The traditional idea of a trademark is a name or design appearing on a label, stuck to a physical product. Think, a red can with the word “Coke” or a blue oval with the word Ford. The customer can see the trademark and the product all at once and make a mental connection. But software,… View Article
Posted on Wednesday, July 28th, 2021
Google v. Oracle – The Supreme Court Holds That Reimplementing Software API Is Fair Use
The Supreme Court decided a software copyright case between Oracle and Google holding that reimplementing some copyrighted software in order to develop interoperable software was fair use. Oracle had purchased the copyright to the Java software, including an application programming interface (“API”) which allows other programs to use the Java software. Java was initially created… View Article
Posted on Thursday, May 13th, 2021
Minnesota Homestead Law Highlights
Practically every homeowner is familiar with the term “homestead” or “homestead exemption.” But the scope and impact of Minnesota’s homestead laws are broader than most people realize. This article highlights several important features of the Minnesota homestead laws which everyone who owns or plans to buy a home in Minnesota should be aware of.[1] The… View Article
Posted on Friday, March 26th, 2021
The NFT Market – Some Issues For Investors
Almost every news outlet in the past week published a story about an artist known as Beeple selling a digital image titled “Everydays: The First 5000 Days” through Christie’s for $69.3 million dollars. The particular image is a jpeg file attached to a Non-Fungible Token, or NFT, which is a unique digital certificate that can… View Article
Posted on Wednesday, March 17th, 2021