LLC members in online store Venture Bound by Partnership Fiduciary Duties—Health and Body Store v. Justbrand LimitedBy Venkat BalasubramaniIntellectual Property, June 2012Another group of people attempt a Web venture with zero documentation and end up in court. One of the many perennial themes of this blog is that people must spell out the terms of any Web venture in advance. This includes everything from a joint blogging arrangement to a jointly operated online store or a simple Web development agreement.
Departing officers’ and employees’ fiduciary dutiesBy R. Stephen Scott & Randy S. PaswaterCorporate Law Departments, July 2007Many companies, large and small, face the challenge of preserving their business clients and continuing their operations after key officers have given notice of their intended separation or other termination from the business.