Happy New Years!

From all of us at Nowakowski Legal PLLC, we hope you have a happy and prosperous 2017! Should you have any legal needs in to the New Year, do not hesitate to contact us for your business law, estate planning, or general legal practice needs! Contact Nowakowski Legal PLLC if you wish to set up a free consultation!    
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IP Assignment and Licensing

While speaking with a colleague of mine a few weeks ago, he asked me if I knew how to assign a patent from his name in to his company.  In going over the details with him, he explained that he had originally patented his product in his own name, then later created his company, and is now seeking a way to acquire investors for his (patented) product.  The obvious problem is that so long as the patented product is registered in his name and not his company's, his company does not itself hold any rights to the patent and is therefore devoid of any value relating to the patent. In order to entice ...
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Investment Agreement: Debt vs. Equity

After months of attending events, throwing out pitches, and courting potential champions, you've finally found an investor interested in helping you to elevate your start-up or growing business to the next level.  Your satisfied with the amount of money that they are offering, but what do they want in return?  As an attorney, I always tell my clients to understand the contract before you sign your company's name to it.  At the very least, you should personally read through the contract to acquire a general understanding of the terms and conditions; more advisable, hire an attorney to review th...
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A (Not So) “Crummey” Trust

Your young, your a professional, and your beginning to make the kind of money that can not only support your family, but potentially provide them with security for years to come. Not many people want to think about it, but now would be a fantastic time to start developing an estate plan.  The longer you wait to start planning for your estate, the larger the portion of your life's accumulation that will end up going toward taxes, creditors, or other unwanted individuals upon your death.  On the other hand, taking advantage of certain allowances in the law and planning for your estate earlier in...
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