Fiduciary duty refers to the legal obligation of one party to act in the best interest of another. This duty is essential in various relationships between partners, corporate directors, trustees, and agents, ensuring trust and integrity. Understanding examples of breaches of fiduciary duty is crucial, especially in Florida, where specific laws and cases illustrate the severe consequences of such...
Trademarks, like other intellectual property, are very valuable. Today, much of a business’ value is in intellectual property, as opposed to goods or other physical assets. Many business owners consider trademarks the most valuable form of intellectual property, because they represent your brand. One day, you might face difficulty with someone illegally using your mark. It’s a good idea...
Are you thinking of licensing out something that you own, but aren’t sure about the various types of licensing agreements? There are a few ways to license intellectual property (or “IP”). To do so, you must first understand the different types of license agreements. Here, we’ll discuss what a license agreement is and how you can decide which is...
Business clients frequently ask if they can structure multiple businesses under one LLC. Generally, yes. However, how you should structure multiple businesses depends on the circumstances and goals you have for your business. Are you a young entrepreneur looking to launch your next venture as a different brand? Are you in the real estate rental business looking to minimize...
Two or more people entering a business relationship is generally called a partnership. Most people enter these relationships with the best intentions but often don’t plan for when things go wrong. Partnership disputes arise when disagreements occur between business partners regarding various aspects of their partnership, such as finances, management, or ownership. Timely resolution is crucial to prevent further...
When you lose a loved one, the last thing you want to do is get into a fight about what should happen to their property. Yet, family members or others in your loved one’s life may be unexpectedly willing to turn your loved one’s death into a fight. Before you respond to or escalate probating your loved one’s estate,...
Farm tax credits in Florida are incentives provided to landowners to support agricultural activities and promote economic growth in the state’s agricultural sector. Operations must meet specific requirements, such as actively cultivating agricultural products and complying with environmental regulations to qualify for farm tax credits in Florida. By understanding these criteria and how to qualify for farm tax credits,...
Losing a loved one is hard. Worrying about the deceased’s estate only adds stress to the situation. Probate is the legal process through which a deceased person’s estate is administered and distributed under court supervision. It involves submitting and validating the deceased person’s will in the proper Florida court, identifying and inventorying assets, paying debts and taxes, and distributing...
The growth of artificial intelligence (AI) has revolutionized the way the world does business. This growth is expected to jump exponentially as more people utilize generative AI technology, ushering in a new era of challenges and opportunities. AI’s impact on intellectual property law presents novel questions as writers, artists, inventors, and others begin to use the technology in their...
To have a successful business in Florida means staying on top of state compliance requirements. One such obligation for companies is the appointment of a registered agent, which is required by state law. But what is a registered agent in Florida, who can be one, and what do they do? What Is a Registered Agent? A registered agent serves...