Ownership is important… especially in the context of a sale. If you want to sell your company, whether as an asset sale or through an ownership sale, the buyer will want to make sure that it can continue to use the software that you use. Conversely, if you are buying a company, don’t forget that the accounting software and whatever else is used in running the company is an important asset! Business owners FREQUENTLY forget about this. When investigating assets do not forget about the software (and make no assumptions…) Ownership is incredibly important, as this gives that person: The right to reproduce the code The right to create “derivative works” based on the code The right to distribute copies of the code The right..
Computer and Software Law
The story I’m about to tell you is true. There I was, on a beautiful sunny day in 1983 driving through the Notre Dame student parking lot in my father’s beautiful sky blue 1969 Corvair convertible. What an understandably excellent mood I was in! And then…. Not. That great day was destroyed in an instant by a horrible crash and heavy scraping noise. I didn’t know what had happened, but I was fairly sure it wasn’t good, so I stopped the car, shut off the engine, and walked to the back (from whence the horrible noise had come). And there I saw it – the unexpected sight of the car engine ON THE GROUND!!! I had no plan in place for this sort of disaster..
On February 16, 2017, BGS Attorney Carole Clark Isakson spoke to collection professionals at a program sponsored for various industry members by Forius NACM North Central. Forius is a proud affiliate of the National Association of Credit Management, and is dedicated to serving the needs of commercial credit professionals. When asked about Carole’s presentations for Forius, President and COO Toni Nuernberg said, “Carole always brings a wealth of information to our members. After her most recent presentation, I asked members for feedback. They said Carole provides relevant information that is easy to understand and somehow manages to make what could be a “boring topic” come to life. Our members love her!” It was not a long seminar but Carole managed to cover all of the..
Need a graphic of fireworks for a party invite? Looking for a cartoon for a blog? It’s tempting to just use your favorite search engine and copy one of the internet… but please DON’T (at least not until after you read this article!). Copyright law is alive and well – and applies to items on the internet to the same extent that it applies to the books at the library. We all know that copying someone else’s work is illegal; that work includes art, photos, books, movies, songs and more. Recent law suits have highlighted the wrongful use of pieces of songs, with courts reiterating that any original work of authorship (so long as it is expressed in a tangible way) is protected. The..
My first car was a canary yellow 1964 Corvair coupe. I could tell stories about that car for hours! Learned a lot too – one my strongest memories is of my father’s description of a dash feature. “This,” he said nicely, “is commonly called the ‘idiot light’. If it goes on you need to pull over immediately, shut off the engine, go find a phone and call me!” That light is a warning that things are on the verge of going badly. IF you paid attention, he said, there was still time to save the day (and the engine block) by pulling over and calling for help. What (or who) is your “idiot” light? We all need one! For some of us, it’s a spouse..