Industry watchers have been following the apparent evolution of copyright law in Europe, as there appear to be two big new wrinkles in European Law that may ultimately have ramifications for US businesses.
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The practice made its debut appear in the Fall 2018 edition of Fig Kennett, which focused on the arts in Chester County….
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When couples divorce, often the most difficult part is how the children are affected by the process and the behavior of the divorcing parents. No one wants someone else raising their children. However, that can be a very harsh reality to face for divorced people with minor children.
Previously in this space, we looked at employment contracts for executives and high visibility employees or representatives, and how a company can manage the risk of illegal or otherwise improper behavior of those key persons. With some foresight, and smart contractual drafting, the company can protect itself from bad behavior through morality clauses.
Surprisingly, this very same issue - guarding against the poor judgment of others - appears in many, many divorce cases, particularly when there are minor children and custody issues involved. These issues can have a profound impact on many people, regardless of social status, wealth, religion or any other demographic category.
Even the most amicable divorce matter can be psychologically and emotionally challenging at times. More often than not, those challenges can become extreme when mixed with the financial pressures that divorcing couples also face. Add to that the difficulty of navigating custody issues, and the parties’ differing perceptions of what is in the child’s best interest, and you have a powder keg waiting for ignition. Eventually, more often than not, this issue explodes into conflict.
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Employers take risks every day with the people that the company hires - including top level managers and CEOs. So do brands and sports teams when they hire spokespeople or athletes on multi-year, multi-million dollar contracts. Anytime there are significant dollars committed to a single person over a long period of time, real risk exists.
One of the most impactful traits of the people you hire is their moral character. This is especially true when the person you hire is your spokesperson, or your chief executive, or otherwise is the face of your organization. One of the most impactful tools you have to control your contractual relationships are called morality clauses.
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Yesterday, I had the privilege of sitting in on a two hour Q&A with an extremely sharp group of students from Lehigh University about the process of "flipping the switch"
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