Late Friday evening, the Small Business Administration (SBA) issued an Interim Final Rule on affiliation, which was posted to the U.S. Treasury Department’s Paycheck Protection Program (PPP) loan website. This interim final rule (SBA Interim Final Rule 2) supplements an earlier SBA Interim Final Rule (SBA-2020-0015), which specifically did not address affiliation. The new PPP affiliation rules in SBA Interim Final Rule 2 clarify which SBA affiliation rules apply to the PPP.
On August 26, 2019, Laura Peter, the Deputy Under Secretary of Commerce for Intellectual Property and Deputy Director of the USPTO, posted an update on the USPTO’s efforts to promote and protect AI-technology innovations and entrepreneurship (Read the update).
In the third episode of “Understanding Blockchain,” Morrison & Foerster’s Susan Gault-Brown and Dario de Martino discuss one of blockchain’s foundational technologies – cryptography.
Gone are the days that employees work from only one location from 9:00 a.m. to 5:00 p.m. With employees traveling throughout the U.S., and in many instances, having some employees telecommuting, a company must be diligent.
In this article, originally appearing on IFLR.com, MoFo attorneys Jake Robson, Gordon Milner and Nick Davis provide guidelines for FinTech companies or companies collaborating with FinTech businesses to manage rapidly evolving regulations in the ASEAN countries.
The Fourth District Court of Appeals in San Diego on November 1, 2018, issued AMN Healthcare Inc. v. Aya Healthcare Services Inc., in which it called into question the continuing viability in California of employee non-solicitation clauses found in many employment contracts and proprietary information, invention assignment, and confidentiality agreements.
In this article, which originally appeared on corporatesecretary.com, Morrison & Foerster corporate attorneys discuss (1) the implications to a company of failing to obtain and document board approval of certain actions, (2) the areas where board approval is most likely to be neglected, and (3) best practices for board resolutions and approvals.
In August, Massachusetts’ Governor signed into law the Massachusetts Noncompetition Agreement Act establishing strict new requirements for noncompetition agreements with employees entered on or after October 1, 2018. Read our client alert.
What steps should startups take before raising venture capital financing? Morrison & Foerster Emerging Companies + Venture Capital partner John Rafferty outlines the top six things founders should do before raising venture capital in his recent article for the Silicon Valley Business Journal. Read the full Silicon Valley Business Journal article.