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. Am understanding of the changes to state NIL law […]
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 […]
When a judgment creditor in Florida attempts to collect on a judgment involving an individual, one mechanism for doing so is through a garnishment action of the judgment debtor’s bank account. Florida has a statutory garnishment process that judgment creditors must follow. See Florida Statute Chapter 77. Not all Bank […]
Well-drafted business contacts contain all types of key provisions, ranging from payment terms, work to be performed, and how disputes are resolved. When it comes to dispute resolution provisions in a business contract, those provisions should address where the dispute gets resolved (known as the forum or venue) and […]
Are you thinking about forming a limited liability company (“LLC”) in the State of Florida? If so, you should give strong consideration to having a written operating agreement in place to govern that LLC. That agreement will serve as the play book for your company and reduce potential conflicts amongst […]
Trusts are a common estate planning vehicle, in which property is held in a trust and administered by the trustee for the benefit of the beneficiaries of the trust. See Miller v. Kresser, 34 So. 3d 172 (Fla. 4th DCA 2010). The Florida Trust Code defines a trust beneficiary as […]