Blogs & Resources
Following addresses some of the questions we are most frequently asked:
Contrary to “popular wisdom”, the prevailing party in a lawsuit is rarely awarded its legal fees from the losing party. Legal fees are only awarded pursuant to contract, statute, or in certain circumstances.
Contrary to “popular wisdom”, a corporation does not automatically insulate its shareholders, officers, or directors from personal liability for the corporation’s acts. The corporation must be in good standing, must comply with reasonable documentation requirements, and must be conducted in a manner so as not to deceive or defraud third parties.
The U.S. Department of Commerce maintains an excellent website designed to promote U.S. exports; see: www.export.gov.
The Trade Bank of Iraq is composed of a consortium of major international banks who guarantee Letters of Credit issued by Iraqi buyers; see: www.TBIraq.com.
In 2004, the highest ranking U.S. trade representative in China stated he had more than $2 billion in trade disputes on his desk lodged by U.S. companies, and that over 90% of them could have been avoided if the U.S. firm had sought knowledgeable advice in advance.
In 2004, the same trade representative stated the “bad news” was that intellectual property piracy in China was running at around 94%, and the “good news” was that this was down from around 98% the year before.
Trademark protection in the United States is based primarily on use of the mark, not necessarily registration of the mark; although registration certainly provides specific legal benefits. Considerable information is available on the U.S. Patent and Trademark Office website: www.uspto.gov.
Copyrights in the United States are governed by the U.S. Library of Congress. Considerable information is available on their website: www.copyright.gov.
All exports from the United States are subject to U.S. export control laws. Virtually all exports must be reported, and some exports require a specific license. Violations can result in severe penalties.