In a merger, two companies come together to form a new company. In an acquisition, one company acquires another, and the acquired company ceases to exist.
Each type of transaction has advantages and disadvantages. Companies may merge because a merger can be accomplished without cash; or because a merger can be tax-free to both parties. In an acquisition, the acquiring company can exclude certain assets and liabilities, making the target more attractive to the acquiring party.
No. Litigation is costly and slow, and with its enormous demands on the time and attention of everyone involved, it has the potential to seriously disrupt the operations of a business. At Praxis, the focus is on resolving problems without resorting to litigation. Where litigation is the only available option, Praxis can help you choose […]
Employers discriminate all the time. Some employees are paid more than others; some have better jobs or offices, or are promoted more quickly than their co-workers. As long as employment decisions are based on merit, and not on factors such as age, race, gender, marital or veteran status or religious beliefs or disability, employers have […]
Employers with 15 or more employees are subject to the requirements of the Americans with Disabilities Act.
A trademark is a word or design, or a combination of word and design used to identify the source of a product, and to distinguish one product from another. A service mark performs the same function for services.
Trademarks and service marks are registered in the United States Patent and Trademark Office. In order to qualify for registration, a mark must be unique, and must be applied to goods or services used in interstate commerce.
Copyright protects the expression of an idea or concept. Ideas are “expressed” in books, movies, music, software, sound recordings and other media.
A copyright is created when an idea is “fixed” or recorded in tangible form. Registration of a copyright in the United States Copyright Office gives the holder or woner of a copyright important procedural rights in addition to the exclusive right to profit from the copyrighted work.
The best trademarks are those that are “arbitrary” and “fanciful”; words that are made up (think “Xerox” or “Exxon”); or whose meaning bears no relation to the products to which they are attached (think “Google”). These marks acquire meaning by virtue of the fact of their application to a specific product; they are the opposite […]