Jones Waldo Holbrook & McDonough has joined forces with Faegre & Benson, a Minneapolis-based firm that has a practice in Shanghai, to provide legal services for a variety of industries doing business in or with China. Early next year, we plan to offer educational programs to help Utah’s business community navigate China matters. We also are developing a program [...]
When you enter an agreement with someone in which each of you takes on certain duties of performance, a written contract helps both parties specifically state what they are required to do to fulfill their obligations. This is a great advantage of a written contract and helps reduce ambiguities and uncertainties. However, in Utah and [...]
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Recently the Federal Trade Commission (FTC) released its final version of the updated Guides Concerning the Use of Endorsements and Testimonials in Advertising. The updated Guides become effective on December 1, 2009.
The Guides set forth the general principles that the FTC uses to evaluate endorsements and testimonials. In any action to enforce the requirements of [...]
Continue reading about “Results Not Typical” Disclaimer Bites the Dust
When a BMW automobile arrives at a U.S. port from Germany (as I understand it, BMWs are still manufactured in Germany and not China), among other things a charge, known as a “duty,” is made by the Customs Department of the Federal Government. The duty is 5.0% of the value of the product, which can be [...]
An ALTA survey is performed to standards jointly adopted by the American Land Title Association and the American Congress on Surveying and Mapping. The detailed standards guide the surveyor in preparing a survey that meets the needs of the buyer and the requirements of the title insurer.
An ALTA survey is one means of reducing risk [...]
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A letter of intent (LOI) can range from being a preliminary, non-binding expression of the parties’ intentions to negotiate and complete a transaction, typically including only the essential terms, to a document that the parties intend to be fully binding, with detailed provisions that will be in the final agreement. This range in the binding [...]
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TO WHAT GREAT EMPIRE DO WE OWE THIS OPPORTUNITY?
Why can you sell goods and services from Southern Utah and other perfect places largely in your own language and largely in the way that you are accustomed to doing business? In no small part, you can thank the British.
In 1992, before “the earth is flat” era, [...]
Continue reading about Selling Internationally from Southern Utah, Part II
Compliance with the stay of the Consumer Protection Safety Improvement Act has been only partially delayed. Be aware of what is hot and what is not at this point!
Status of the key parts of the Consumer Product Safety Improvement Act
A lead content limit for children’s products which will likely apply retroactively beginning on February 10, 2009, [...]
Continue reading about CPSIA – Stay of Testing and Certification Requirements is Only Partial
On Friday, January 30, 2009, The U.S. Consumer Product Safety Commission voted unanimously (2-0) to issue a one year stay of enforcement for certain testing and certification requirements for manufacturers and importers of regulated products, including products intended for children 12 years old and younger. These requirements are part of the Consumer Product Safety Improvement [...]
Members of a limited liability company (LLC) have duties and rights that are in many ways comparable to those of a partner in a partnership. The operating agreement of the LLC can impose further obligations upon the members.
Fiduciary Duties
If a member of an LLC is also a manager of the LLC, then that member is [...]
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