The following is a guest post from Daniel Haurey, President of Exigent Technology, an IT Services and Cloud Services Provider. One of my favorite business authors, David Meerman Scott, said it best: “Because of the infinite amount of information available on the web, buyers now have more information than sellers, and therefore buyers have the upper hand in negotiations.” Prospects and new clients, each armed with mini-computers in their pockets are peering through your vir

The following is a guest post from Damon Finaldi, President of Tele-Data Solutions, a provider of VoIP phone systems and cloud technology. You’re a litigator stuck in court who needs to check email. A law firm business manager looking to increase revenue. Or the IT manager who knows there’s a better way to tie together your communications. In any of these cases and many others, an upgrade of your firm’s telecommunications to a VoIP (voice over internet protocol) phone system

The biggest privacy challenges affecting businesses today are regulatory scrutiny from government agencies, media coverage with unintended consequences, and privacy risks that are discovered during corporate transactions. Rapidly growing eCommerce and technology companies typically focus on creating viable products and services, adapting business models and responding to challenges, and using data in new ways to glean valuable insights and advantages. They often achieve succe

The Federal Americans with Disabilities Act, the New Jersey Law Against Discrimination and the New Jersey Pregnancy Discrimination and Accommodation Law each impose significant obligations on employers, who are required to provide reasonable accommodations to employees. There is a considerable amount of confusion on the part of many New Jersey employers as to their obligation to provide reasonable accommodations for those who are disabled or pregnant. As of January 2014, wi

A company’s social media page, profile and accounts (and its followers and other connections) are generally considered to be valuable business assets. Recent court decisions illustrate the importance of clear policies and procedures to address ownership and appropriate use of business-related social media assets. While most businesses recognize the importance of maintaining a minimum Internet presence, an increasing number of businesses are attempting to impact consumers wher

The “Internet of Things” is rapidly expanding, and most households have at least one physical object which automatically collects and exchanges data wirelessly. Manufacturers of smart devices need to ensure that security vulnerabilities and privacy concerns are rapidly addressed in order to escape the scrutiny of the Federal Trade Commission. Law360 interviewed privacy experts, including our very own Mike Feldman, regarding ways for smart device makers to ensure that their in

On September 15, 2016, the New Jersey Senate unanimously approved a bill that restricts the collection and use of personal information by retailers for certain purposes. The bill is known as the “Personal Information and Privacy Protection Act.” [https://legiscan.com/NJ/text/S1913/id/1419389/New_Jersey-2016-S1913-Amended.html] The law provides that a retailer may only scan a person’s “identification card” (i.e., a driver’s license or similar identification) for the follow

A phantom grant is a contract right to receive a percentage of the sale proceeds upon the sale of the company. It tracks the value of the equity of the company, but is not equity. It does give them the “full value” of the company, unless drafted in a manner to exclude it. The upside is that the recipient is not an equity holder (no voting rights, no right to share in the profit of the company, no visibility to the finances) but it subject to dilution on the same basis as the

Clients typically have a general understanding of what steps have to happen in what order in a deal. Sometimes, though, when that general understanding gets translated into specific words, things don’t always match up. Recently, the folks handling a $1.3 billion loan transaction for Chesapeake Energy ended up with words that didn’t match their expectations. When we plan for things like advance notice or deadlines, pulling out the calendar seems like overkill. But clarity is i