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…
Read more
Personal Information and Privacy Protection Act – New Jersey State
Personal Information and Privacy Protection Act - New Jersey State 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…
Read more
Data Privacy Attorney Michael J. Feldman Interviewed By Law360 Regarding FTC Enforcement
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…
Read more
Who Owns Business-Related Social Media Accounts?
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…
Read more