Has an employer presented you with a non-compete agreement? If your employer has asked you to sign a non-compete, you should know what rights you are relinquishing.
About Derek Usman
This author has yet to write their bio.Meanwhile lets just say that we are proud Derek Usman contributed a whooping 19 entries.
Entries by Derek Usman
After the filing of a lawsuit, a party can ask the judge to issue a temporary injunction. The temporary injunction seeks to require the other party to either commit a certain act or to prohibit it from performing a particular action. In a business or commercial law context, injunctions are often sought to enforce a […]
Creditors of a Florida single member LLC (“SMLLC”) are able to reach the assets of SMLLC by obtaining a charging order and then foreclosing on the member’s interest. However, if an LLC has multi-members, creditors are limited to distributions that a debtor member would ordinarily receive from the LLC. To prevent a foreclosure of a […]
As a means to set a player’s salary when he became a free agent, the arbitration process became a mainstay in baseball. Similarly, a commercial lease should include a baseball arbitration clause to prevent a protracted dispute between the owner and tenant. Often a commercial lease uses fair market value as the method to determine […]
Unmanned aircraft systems (UAS) known as drones are readily available and can even be purchased at Target or Toys “R” Us. However the federal government deems drones to be aircrafts and subject to Federal Aviation Administration regulations. For one thing, all buyers must register their drone. Registration can be done online by completing a short […]
A noncompete agreement is a standard business agreement to prevent a former employee from competing against you upon his departure from the company. When such an agreement is not in place, employers have to scramble for a solution to prevent the former employee from disclosing confidential information to the new employer. In particular, litigators are […]
Derek P. Usman, The Usman Law Firm, P.A. After making the decision to dispose of a corporation, entrepreneurs and business owners should consider tax consequences and plan accordingly. Often, an exit strategy utilized by a private corporation is the acquisition of the corporation by a public company whose shares are readily saleable because they […]
Derek P. Usman, The Usman Law Firm, P.A. The statutory provisions providing limited liability to shareholders of Illinois business entities were undermined recently when the Illinois Supreme Court endorsed “direct participation” as a viable theory of tort liability under Illinois law. In Forsythe v Clark USA, Inc., 2007 WL 495292 (Ill. Sup. Ct.), our […]
Derek P. Usman, The Usman Law Firm, P.A. While public corporations thrive on share trading in a dynamic market, private corporations often seek to restrict transfer of their shares. In particular, entrepreneurial enterprises foster the inclusion of non-management investors. These silent partners of closely-held corporations often require protective measures for their interests. Therefore, a […]
Derek P. Usman, The Usman Law Firm, P.A. Shareholders of a corporation taxed under Subchapter S of the Internal Revenue Code may elect a “pass-through” taxation system. Subsequently, a corporation’s profits pass through directly to its shareholders on a pro rata basis and are reported on the shareholder’s individual tax returns. The basis […]