Members of a limited liability company (“LLC”) can draft or revise operating agreements as needed to create a set of rules that governs the relationship between the members and the LLC. Most operating agreements will generally include provisions related to membership meetings or voting rights. However, writing an effective operating […]
Recent “name image and likeness” (“NIL”) legislation created a new market for goods and services that have never existed before in college athletics. College athletes now have unlimited potential to capitalize upon their NIL and develop their brands on their terms. College athletes can also utilize cutting-edge technologies to monetize […]
Recent “name image and likeness” (“NIL”) legislation created a new market for goods and services that have never existed before in college athletics. The NCAA has enacted policies to allow student athletes to enjoy the benefits of this NIL and receive compensation for its usage on their terms. However, understanding […]
The members or managers of a limited liability company (“LLC”) have the power to control the business and affairs of the LLC depending on whether the LLC is “member managed” or “manager managed”. LLCs are unique legal entities that could be considered a hybrid between a corporation and a partnership. […]
Recent changes in “name image and likeness” (“NIL”) law created a new market for goods and services that have never existed before in college athletics. However, the NIL activity that occurred recently remains subject to the federal legal authority that spurred such activity. An understanding of the federal case law […]