Philadelphia Transfer Tax Update for 2022
If you're dealing with commercial, residential, or real estate development, you need to be aware of Philadelphia transfer tax. Post Updated: 10.24.22 In Pennsylvania, the state and the county impose a real estate transfer tax based on the property's location. So, it's essential to familiarize yourself with Philadelphia's transfer tax if you're looking to transfer […]
Watch out for Non-Hire and Anti-Poaching Agreements!
You are the CEO of Company A, a cutting-edge developer of new software. Over golf (or sushi), you agree with the CEO of equally advanced Company B that each of you will not hire or try to hire away the other’s top talent through an anti-poaching agreement. Is anything wrong with this? Yes! The Sherman […]
Throughout your professional career, you may have signed a non-compete. But, if you haven't yet, now is an excellent time to learn about these common and important documents. Typically, you'll receive a non-compete agreement when you start a new job. Your temptation may be to skim the pages without paying attention to the details or […]
The 7 Types of Restrictive Covenants to Know
Post-employment restrictive covenants in PA come in multiple varieties. But the non-compete covenant is the most burdensome of all. Most people have heard, and are likely familiar with, the term non-compete, which is one type of restrictive covenant. It's not uncommon for an employer to ask an employee to sign a non-compete clause, which limits […]
Restrictive Covenant Enforcement
Obtaining an employee's signature on a post-employment restriction is simpler than restrictive covenant enforcement. By the way, I detailed the 7 types of restrictive covenants in this post. For example, the former is like a level road with a few curves; the latter is like a twisting mountain highway. Consequently, courts do not view post-employment […]
What is Garden Leave?
Garden Leave Allows Some Protection for an Employer The term sounds pastoral, but its use is practical. For example, garden leave is an agreed-upon period when an employer pays a departing key employee not to work before the employee joins a competitor. In essence, it's another type of restrictive covenant. Originating in England, the employee […]
Non-Solicitation Agreements- The Third Rail of Employee Mobility Law
When an ex-employee works for a competitor, the violation of a non-compete covenant is clear-cut. But few employment contracts define what it means to "solicit." What is a non-solicitation agreement? As a restrictive covenant, non-solicitation agreements prevent a departing employee from soliciting the old employer's customers or workforce to do business or work with a […]
Choosing a Business Structure
Starting your own business can be rewarding and energizing. And yes, it can be a bit stressful. You have numerous essential decisions to make during the critical start-up phase. One of the most significant decisions is choosing a business structure. It’s best to seek counsel from an accountant, business counselor, and business lawyer when deciding. […]
How Will Divorce Affect My Business?
Divorce and business. For the owner, running the company can be never-ending and all-consuming. In many cases, the commitment and passion for it can contribute to strains in your personal life, leading to a struggling marriage and divorce. Consult with a divorce attorney if you own a business and are facing a divorce proceeding. Will […]
How to Write a Valid Will
Do you need a lawyer to create a valid will? Short answer: no. If you have a basic, straightforward estate, you can use an online service to create one. Even so, there are some essentials to ensuring your will is valid. Each state has laws defining what constitutes a valid will. Consequently, making sure you […]