Blogs

Business and Financial Services

Top 5 Reasons Your Business Needs a Robust AI Policy Now

In today’s dynamic digital environment, artificial intelligence (AI) is transforming industries at an unprecedented pace. For businesses and law firms, harnessing the power of AI can offer significant benefits but also creates risk. Implementing a generative AI policy can help mitigate that risk. Here are the top 5 reasons why implementing a comprehensive AI policy…

May 27, 2024

Business and Financial Services

I’ve Been Sued. Now What?

Receiving notice that you or your business have been sued can be a daunting experience. It’s natural to feel overwhelmed, angry, or scared, but it’s crucial to approach the situation methodically and with a clear mind. This blog will guide you through the essential steps to take when after being served with a lawsuit, helping…

May 24, 2024

Business and Financial Services

Arbitration: The Strategic Avenue in Business Dispute Resolution

At Bean, Kinney & Korman, my experience as a litigator has provided me with countless opportunities to observe the transformative power of arbitration in resolving disputes outside the traditional court system. Arbitration is a strategic choice for businesses. Arbitration comes in a variety of forms, each designed to cater to the specific needs and circumstances…

April 22, 2024

Business and Financial Services

Is a Private School’s 501(c)(3) Status Enough to Subject it to Title IX Compliance Obligations?

In a decision of significance for private schools and other tax-exempt organizations, the United States Court of Appeals for the Fourth Circuit (“Fourth Circuit”) decided recently that merely having 501(c)(3) tax status is not a form of “federal financial assistance” sufficient to subject a tax-exempt school or organization to compliance obligations under Title IX of…

April 17, 2024

Business and Financial Services

Commercial Foreclosure Alternatives (DC)

This Lexis Practical Guidance practice note by John G. Kelly, discusses alternatives to foreclosure for Washington, DC commercial real estate loans with a focus on the deed in lieu process.

March 18, 2024

Business and Financial Services

Commercial Foreclosure Alternatives (VA)

This Lexis Practical Guidance practice note by John G. Kelly, discusses alternatives to foreclosure for Virginia commercial real estate loans with a focus on the deed in lieu process.

March 18, 2024

Business and Financial Services

Avoiding the “Sunk Cost Fallacy” in Legal Disputes

When considering a settlement proposal, businesses and individuals alike often fall into the decision-making trap termed the “sunk cost fallacy.” This article will discuss what the sunk cost fallacy is, provide common examples, and explore strategies for avoiding its pitfalls. What is the Sunk Cost Fallacy? The sunk cost fallacy is a concept in economics…

February 21, 2024

Business and Financial Services

Generative AI and Intellectual Property: Navigating the Trademark Terrain

Introduction: Beyond Copyrights – The Trademark Frontier In our previous exploration of generative AI, we pierced the veneer of copyrights. Today, we venture further into the realm of Intellectual Property (IP), focusing on another cornerstone: trademarks. As AI’s prowess expands, the boundaries of trademarks are increasingly tested, compelling us to reexamine foundational principles in this…

January 22, 2024

Business and Financial Services

The Labyrinth of Civil Disputes: A Litigator’s Guide to Alternative Dispute Resolution (ADR)

In the world of civil litigation, the pursuit of resolution does not always necessitate the formal battleground of a courtroom. As a practical litigator at Bean, Kinney & Korman, I recognize how valuable it is to guide parties through the Alternative Dispute Resolution (ADR) process—often a more collaborative and empowering pathway to settle disputes. ADR…

January 16, 2024

Business and Financial Services

What is “Beneficial Ownership” under the Corporate Transparency Act?

In a move to fortify transparency within corporate America, the enactment of the Corporate Transparency Act (CTA or Act) and its implementing regulations have introduced critical changes to the reporting and disclosure requirements for businesses. A central aspect of this legislation is the concept of “beneficial ownership.” This term, crucial yet complex, is essential for…

January 8, 2024