On January 1, 2021, Congress passed the Corporate Transparency Act ("CTA"), which set out to bring the United States' reporting requirements for corporations in line with the rest of the world for purposes of combating money laundering […]
A little over two months ago, the federal banking authorities (Feds) issued a new Policy Statement, a re-vamp and expansion of the 2008 “extend and hold” or “pretend and extend” policy that emerged from the 2008 Bank Liquidity […]
Federal District Court Denies Copyright to Visual Art Piece Generated Solely by Artificial Intelligence.
On August 18, 2023, U.S. District Court Judge Beryl A. Howell of the U.S. District Court of the District of Columbia affirmed the U.S. Copyright Office's ("Copyright Office" or the "Office") denial of a copyright application for […]
About six weeks ago, the federal banking authorities (Feds) issued a new Policy Statement, a re-vamp and expansion of the 2008 “extend and hold” or “pretend and extend” policy that emerged from the 2008 Bank Liquidity Crisis […]
Five Steps General Contractors Can Take to Mitigate Against The Dangers of "No Damage for Delay Clauses"
No damage for delay clauses seek to protect owners from any monetary damages resulting from delays on a project. These clauses are common in Texas construction contracts. A no-damage-for-delay provision can limit a general contractor's ability to […]
U.S. Supreme Court Upholds State's Ability to Obtain General Personal Jurisdiction Over Out-Of-State Corporations Using "Consent to Registration" Statutes.
A corporation looking to conduct business in a state other than its state of incorporation is required to register and appoint a registered agent in the state. And while every state requires out-of-state, or "foreign," corporations to register […]
On Sunday, June 18, 2023, Governor Abbott signed the Texas Data Privacy and Security Act (“TDPSA”) into law, making Texas the tenth state to enact comprehensive data privacy protections for its residents. The TDPSA was modeled after […]
When it Comes to Generative AI, Ignorance is not Bliss: Three Risks Your Business Faces by Failing to Regulate Workplace Use of Generative AI.
OpenAI, the private AI research and deployment company, released ChatGPT to the public in November 2022. ChatGPT is a generative AI chatbot that enables human-like conversations. Its availability and ease of use have made it extremely popular—garnering […]
Are You Rushing to Copyright Your ChatGPT-generated Screenplay? Don't Get Your Hopes Up. U.S. Copyright Office Publishes New Guidance on Works Created with Artificial Intelligence.
The U.S. Copyright Office (the "Office") receives about half a million applications annually. These applications generally register literary works, photographs, and other visual performative and digital content. Recently, the Office recognized […]
On April 5, 2023, the Texas House of Representatives passed the Texas Data Privacy and Security Act, moving the bill to the Texas Senate for consideration and bringing data privacy legislation one step closer to reality in Texas. This year has […]
Keeping Your Trade Secrets a Secret: Three Common Myths about Trade Secret Protection that could put your Business's Trade Secrets at Risk
Due to its widespread and relatively easy use, most businesses rely on state or federal trade secret laws to protect their intellectual property. Understanding trade secret protection is essential to safeguard your business's valuable intellectual […]
The Rising Importance of Trade Secret Protection in the Coming Era of Non-Compete Ban: Two Steps Your Business Needs to Take Now
To become and remain competitive in virtually any industry, businesses develop, execute, and hone strategies to win over and keep customers. These strategies become critical operational and business information. To keep this information from falling […]