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FinCEN’s Beneficial Ownership Information Reporting Requirement


As of January 1, 2024, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has imposed a new obligation on almost all corporations and LLCs doing business in the U.S. Companies that fall under this obligation (“reporting companies”) must file reports containing identifying information of certain individuals, with a limited number of exceptions. This is an ongoing obligation – meaning, it’s not necessarily a one-time filing, these reports are required when certain changes are made to the company. In this post, I’ll go over some of the details. Which Companies Does This Apply To? The rule does not apply to companies…

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Can I Use AI To Come Up With a Trademark?


Note: I, your human correspondent, didn’t write the text below. I input the question “Can I Use AI To Come Up With a Trademark?” into ChatGPT and this is what came back. Yes, you can use artificial intelligence (AI) to generate potential trademarks. There are various AI-powered tools available that can suggest trademarks based on certain inputs, such as keywords or industry. However, it is important to note that while AI can assist in generating potential trademarks, it is not a substitute for a human attorney who can evaluate the legal availability, registrability and enforceability of a trademark. It is…

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D&D OGL Update?


A few years ago I wrote a blog post titled “D&D & IP” in which I discussed the Open Gaming License that allows (allowed?) anyone to use elements of Dungeons & Dragons, for free, to create their own products. To recap: WotC wants to encourage D&D enthusiasts to create and sell products that fit within the game – within certain limits. Those limits are defined by WotC’s Open Gaming License (“OGL”). This link directs you to the most recent version of the OGL. If you want to create and sell content within the D&D universe, you must obey those rules….

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What Is A Contract For?


Let’s say you’ve discussed a potential business opportunity and you’ve come to an agreement on the basic terms with the party on the other side. The basics may include who has to deliver what goods or services, where, when, and how the receiving party is going to pay for it. Now that you’ve gone through the ups and downs of the negotiation process, you’re both eager to get started. Maybe you have the basic deal points recorded in an email or a term sheet that the parties have signed. Why bother with a full-scale contract? Why go through the time…

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