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In recent years, local municipalities, especially Cleveland and neighboring suburbs, have substantially increased the enforcement of their Building and Housing Codes. So, it is critical that Owners always be aware of the condition of their properties and that they...
On August 20, 2024, a federal judge struck down the FTC rule banning non-compete agreements. U.S. District Court Judge Ada Brown held that the FTC lacks the authority to issue the rule. Her ruling means that non-compete agreements are fully enforceable consistent with...
The Buckeye State has become an increasingly attractive destination for filmmakers, largely thanks to the Ohio Motion Picture Tax Credit. This incentive program has not only put Ohio on the map for film production but has also stimulated local economies across the...
Umbrella and excess liability insurance coverages are designed to protect you or your business against claims when the policies providing your primary liability coverage (e.g., auto, home, commercial general liability) are not enough. Car crashes, injuries to people...
On June 6, 2024, the Supreme Court of the United States decided the case of Connelly v. United States, 144 S. Ct. 1406. The recent ruling has introduced significant implications for closely held corporations and their members. This landmark case revolves around a...
This blog discusses “national security” considerations in cross-border transactions from the perspective of the Committee on Foreign Investment in the United States (“CFIUS”). Who Is CFIUS? Established in 1975 by President Ford, over the past 45 years, CFIUS has been...
The technological singularity – or the singularity – is a hypothetical point in the future when computer intelligence surpasses human intelligence. Judgment Day for fans of the Terminator films. Such a day may eventually come to pass for those in the legal profession,...
Following the recent Supreme Court ruling, I have received numerous questions and requests for comment on the Chevron Deference Doctrine. Many of these inquiries have come from my clients, who are either financial institutions or professionals in the financial...
In the complex and multifaceted process of selling a business, the initial deal-specific document a buyer may present to a seller is typically an Indication of Interest (IOI) or a Letter of Intent (LOI). Understanding the differences between these two documents is...
Exit planning is a process for business owners considering a sale or a succession plan for their business. An exit planner specializes in helping business owners develop and implement a strategic plan to exit their business seamlessly. The succession plan typically...