Restrictive covenants such as noncompete agreements are commonplace in today’s employment contracts. Minnesota’s large med-tech presence often lands departing employees in legal battles with Medtronic, Boston Scientific, St. Jude Medical, and other companies who have attempted to protect their intellectual property and trade secrets through restrictions in employment agreements. As one expects, a noncompete agreement… Read more »
Posts Categorized: Business Law
If I’m selling my business, what’s the difference between an asset sale and a stock sale? When considering to sell your business or to buy a business, it is important to know the difference between an asset sale and a stock sale. Generally, buyers prefer asset sales and sellers prefer stock sales. What is an… Read more »
If I have a dispute with two or more people, is there any other method to resolve the differences other than litigation or court? Yes! There are numerous alternatives to trial or litigation if you have a dispute. Minnesota courts often require that parties participate in “alternative dispute resolution” (“ADR”) prior to trial. However, ADR… Read more »
Most people think about how much income tax they pay in a year more than any other taxes, but taxpayers who ignore their property tax statements could be paying significantly more than they need to each year. Both residential and commercial property owners can be affected by inaccurate property tax valuation or classification. Property… Read more »
Congress recently passed a law that will provide further security to companies seeking to protect their trade secrets. The newly signed Defend Trade Secrets Act adds a civil cause of action to the criminal liability currently existing through the Economic Espionage Act of 1996. Though most states already have a form of trade secret protection… Read more »
WHAT CONSTITUTES AN EMPLOYEE AND INDEPENDENT CONTRACTOR IN ACCORDANCE WITH THE JULY 15, 2015, DEPARTMENT OF LABOR CRITERIA Dudley and Smith, P.A. has been practicing in Minnesota since 1952 and has experienced Attorneys that will assist both companies and individuals in labor issues. The following is a brief over-view of the July 15, 2015 Department… Read more »
Minnesota law provides procedures that lenders must follow to foreclose a mortgages on real estate, and the law also provides rights and opportunities for property owners and homeowners facing foreclosure to save their property.
Minnesota’s laws are very rigid and with strict penalties for any sums deducted from employee or independent contractor’s wages. No employer shall make any deduction, directly or indirectly, from wages due or earned by any employee for stolen property, damage to property, or for any other claim for indebtedness arising out of his employment, unless… Read more »
On January 1, 2016, a new law will go into effect that requires nonprofit hospitals to provide patients a specific notice before engaging in certain debt collection activities to collect an unpaid hospital bill.