What are “drag-along” and “tag-along” rights? Suppose that you own some shares in a company, but your business partner holds the majority of shares. Now suppose your business partner gets an offer to sell those majority shares to a third party. Even if you don’t want to, you might be obliged to sell if that Shareholders’ Agreement you signed includes a drag-along provision. A drag-along provision enables a majority shareholder to force a
On October 11, 2018, the Music Modernization Act was signed into law. The CLASSICS Act, which ultimately became part of the Music Modernization Act, is an acronym for “Compensating Legacy Artists for their Songs, Service, and Important Contributions to Society.” The CLASSICS Act was consolidated into the Music Modernization Act on April 10, 2018, which
Individuals who lived or worked in lower Manhattan between 9/11 and May 30, 2002, may be entitled to financial assistance from the September 11th Victim Compensation Fund, also known as VCF. This federally-funded program was created not only for first responders, but also for certain people who: • Resided in or worked below Canal Street
In 2012, Nike signed a five-year uniform and apparel deal with the National Football League valued at roughly $1.1 billion. In a bold marketing strategy, Nike finessed their signature “Volt” color – a lime green hue similar to Pantone 381 C – and slapped that color onto the bottom of all Nike-sponsored players’ cleats
Last month, the Second Circuit Court of Appeals in New York City affirmed a ruling which held that Who’s Holiday – a modern play in which the main character, Cindy-Lou Who from Dr. Seuss’ How The Grinch Stole Christmas, is now an adult, humorously engaging in adult behavior – is a parody protected by the
In August 2015 we wrote about the implications of the Washington Redskins’ trademark dispute. Following legal efforts by five Native Americans who considered the term “redskin” to be disparaging, a federal judge ordered the cancellation of multiple federally registered trademarks owned by the Redskins, including the team’s name itself.
You’ve just discovered someone with a compelling story, and now you would like to make a film based on their life. You begin the process of turning this amazing tale into a worthwhile film when, in the middle of your excitement, it hits you: “maybe I need to get this person’s permission first. But,
Instagram has evolved from a mere personal space for posting pictures and videos into a massive platform that connects over 800 million monthly active users. Over the past five to ten years, many of these users have found ways to capitalize on the outreach that Instagram affords by starting businesses through the site itself.
On April 25, 2018, the U.S House of Representatives took its first steps towards music industry reform by unanimously passing the Music Modernization Act (MMA). This bill tackles the current, decades-old music licensing system, and attempts to bring it into the 21st Century. Although it currently awaits Senate approval, the MMA enjoys wide bipartisan
Morals clauses are typically called upon to allow employers to disassociate with talent or high-profile employees who exhibit bad behavior. The rapid growth of the #MeToo movement and a newfound zero tolerance attitude in entertainment and business has caused morals clauses to become more broad in scope, and for terminations under them to be
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