If your business manufactures or uses a connected device or simply collects and stores user data, it may be exposed to legal liability. Despite the transformative effects of such Internet of Things (“IoT”) technologies, the reality is that IoT will increase your business risk – know its sources and manage it.
The Department of Labor has promulgated new regulations that could have a significant impact on whether you choose to – and even whether you are able to – continue to classify certain of your employees as exempt from FLSA requirements come December 1, 2016.
Suzanne practices corporate and transactional law, with a focus on employment law matters including employee benefits, executive compensation, ERISA litigation, and executive compensation program implementation.
On May 11, 2016, President Obama signed the Defend Trade Secrets Act of 2016 (the “DTSA”) into law. The DTSA—which went into effect immediately after being signed—creates a new right for trade secret owners to sue under federal law when their trade secrets are misappropriated. But the DTSA also requires an employer to notify its employees (including contractors and consultants) of immunity for certain permitted disclosures of a trade secret in any contract or agreement with the employee that governs the use of trade secrets or other confidential information.
Thinking about selling your business—eventually? As it turns out, business buyers are looking for the same things as business owners—sound businesses that produce predictable cash flows with quantified risk. Here’s some advice on how to maximize your company’s value, reduce costs and minimize risks (even if you’re not planning on selling your business.)
