The Foundry Law Blog

#BestContestEver #TopTenBestPractices

Are you thinking about running a social media contest to engage your users and help your business stand out? We’re sharing our top ten things to think about to run a successful social media contest and create a positive experience in the process. What Kind of Competition are you Running? We start by noting the […]

Work For Hire vs. Assignment of Work Product

FOR EDUCATIONAL USE ONLY This table does not constitute legal advice – if you have questions, please contact info@mksinghlaw.com Work-For-Hire Assignment of Work Product Defined by the United States Copyright Act of 1976 ((17 U.S.C. § 101)) as:1) a work prepared by an employee within the scope of his or her employment; OR2) a work […]

Delaware passes into law the Public Benefits Corporation

  Great news for Social Innovators! Delaware has passed into law the formation of Public Benefits Corporation and the forms are up and running as of August 1, 2013. The public benefits corporation (PBC) is a new option for businesses and entrepreneurs that are for-profit enterprises with a social mission.  This will allow enterprises to […]

Protecting Your Business Against Trade Secret Theft

By Megan Wargacki: Economic espionage, cybercrime and trade secret theft against U.S. businesses has doubled in the last seven years from 1988-199, doubled again in the nine years between 1995 and 2004 and is slated to double again by 2017. Business’ trade secrets are vulnerable to disloyal employees, neglectful employees, competitors, hackers, or even foreign […]

Does your Intern qualify as an unpaid intern?

According to a recent article by the New York Times, unpaid internships are proliferating. Given the continuing uncertainty of the economy, this shouldn’t come as a great surprise – it’s hard to beat the allure of free labor. However, employers need to be wary about how they structure any offered internships; otherwise, they could run […]

Does the Seattle Paid Sick/Safe Time Ordinance Apply to Your Business?

All employers with employees working in Seattle, even those who only work in Seattle occasionally, need to read-up on Seattle’s Paid Sick/Safe Time ordinance (PSST for short). If PSST applies to your business, it establishes minimum standards for paid sick leave and safe time for most of your Seattle employees. These minimum standards do not apply to […]

Social Purpose Corporation, Maximizing Sustainable Business in Washington State

In Washington State, being socially conscious doesn’t mean choosing between doing good and doing good business. Incorporating or reorganizing as a social purpose corporation (SPC) allows socially conscious businesses greater flexibility to support social and environmental goals. What makes this emerging corporate entity unique is that maximizing the financial bottom line isn’t a social purpose […]

Crowdfunding Act: What could it mean for the Entrepreneur or Startup?

The Crowdfund Act is an amended version of the JOBS ACT that will permit the SEC to allow for certain types of investments by individuals who don’t normally qualify as qualified investors under the SEC to make investments through SEC Approved websites. The Act has successfully passed both the House and the Senate. There is […]