Corporate Transparency Act Update
By: Timothy P. Brynteson, Esq. The U.S. Department of Treasury’s Corporate Transparency Act (CTA) was signed into law in 2021with an effective date of January 2025. It established Beneficial Ownership Information (BOI) filing requirements that targets layered corporate structures that can enable the conduct of illicit activities, money laundering, the financing of terrorism, and other […]
2024 Legal Developments in Trade Secret Law
By Frederick J. Steimling, Esq. Trade secrets are crucial to businesses across industries, safeguarding sensitive information that provides their competitive edge. Recent federal court cases highlight key principles and trade secret litigation. These cases also suggest that the law is developing in a way that is more friendly to trade secret owners. A preliminary question […]
Common Contractual Provisions and Their Implications
By Derrick K. Galantowicz, Esq. Business owners deal with a variety of contracts in the course of their operations. Most focus on the main terms in a contract, such as what’s being purchased, payment terms, and timing considerations. However, certain contractual provisions with serious legal implications appear frequently across various types of contracts and are […]
Letters of Intent: Are They Necessary?
By Derrick K. Galantowicz, Esq. A Letter of Intent (LOI) acts as a preliminary document outlining several basic and essential terms and conditions of a potential business transaction. They are generally not legally binding and are seen by some as an unnecessary formality, but they can play an impactful role in shaping a future Purchase […]
Colorado Legislature Gives Local Governments First Dibs on Certain Multifamily Properties
By Stacey L. Shea, Esq. While it is not unusual for surprises to pop up during due diligence reviews when buying or selling multifamily residential real estate, there will now be one more due diligence consideration to add to the list. Effective August 7, 2024, Colorado House Bill 24-1175 will act to provide local governments […]
The Federal Trade Commission New Non-Compete Rule in Effect
By: Frederick J. Steimling, Esq. July 2024 The Federal Trade Commission (FTC) proposed the Non-Compete Clause Rule on January 19, 2023, under sections 5 and 6(g) of the FTC Act. After a comprehensive review of empirical research and over 26,000 public comments, the FTC adopted a final rule addressing non-compete clauses. The issuance of this […]
Colorado’s Agricultural Equipment Right to Repair Law in Effect
By: Frederick J. Steimling, Esq. March 1, 2024 On January 1, 2024, Colorado’s first-of-its-kind Right to Repair agricultural equipment law, the Consumer Repairs Bill of Rights Act (CRBR), went into effect. In short, the CRBR requires the original farm equipment manufacturer to provide owners and independent repair providers with resources including parts, embedded software, firmware, […]
Trademarks: Should I Register?
By: Derrick K. Galantowicz, Esq. February 1, 2024 Whether it be a logo, slogan, or a brand name, trademarks are all around us. Many businesses reach a point in their lifecycle when they consider whether they should federally register their brand name or logo with the United States Patent and Trademark Office (USPTO). What is […]
Dissolution: The Inferior Default Exit Strategy
By: Lee J. Morehead, Esq. December 1, 2023 Dissolution of a business or company occurs either voluntarily or judicially. In the case of voluntary Dissolution, all owners must agree either to dissolve the entity or identify a triggering event that will cause Dissolution. To accomplish judicial Dissolution, the owner(s) seeking Dissolution must prove that it […]
Adverse Possession: Losing the Farm Without Even Knowing It
By Lia Szasz Did you know that, under Colorado statute, someone can obtain title to your land without paying for it? Under the doctrine of adverse possession, if someone uses your land continuously for 18 years, it may become theirs. This doctrine became famous when a retired judge in Boulder obtained title to part of […]
