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What Happens When You Default on a MSA?
August 21, 2017Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: MSA, MSP

What Happens When You Default on a MSA?

When you drafted your master services agreement (MSA), you should have spent some time thinking through what would happen in the event that either party defaulted on payment or performance. While this...

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Setting Up an Asset Holding Company
August 21, 2017Virtus LawNo CommentsCategories: Articles, BusinessTags: Asset Holding Company, Intellectual Property, Real Estate

Setting Up an Asset Holding Company

Businesses that have developed significant assets often choose to hold those assets in a separate, sometimes subsidiary company. Doing so can provide liability, taxation, and organizational advantages...

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Drug and Alcohol Testing in the Workplace
August 18, 2017Virtus LawNo CommentsCategories: Articles, BusinessTags: Alcohol, Drug, Employees, Workplace

Drug and Alcohol Testing in the Workplace

One way to address or prevent problems in the workplace is through judicious use of drug and alcohol testing. Tests, which applicants can agree to undergo in return for being considered for a job and ...

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Setting up and Governing an HOA
August 16, 2017Virtus LawNo CommentsCategories: Articles, Real EstateTags: Home Owners Association

Setting up and Governing an HOA

In Minnesota, home owners associations (HOAs) are often set up by the original developer of a neighborhood or condominium, although in some cases they are set up retroactively by home owners. They for...

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Are My Documents Safe in the Cloud?
August 14, 2017Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: Cloud, Documents, Storage

Are My Documents Safe in the Cloud?

The cloud is a beautiful abstraction for data stored out of sight that obscures the reality of rows and racks of servers in huge data facilities all over the world. Putting your data in the cloud mean...

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Ransomware: What is it and what does it do?
August 11, 2017Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: Backup, Ransomware, Technology

Ransomware: What is it and what does it do?

Today’s cybercriminal has come up with a creative away to steal your information and get your money – ransomware. While there are many different types of ransomware, they all operate by preventing...

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Negotiating Tax Incentives for Business Investment
August 9, 2017Virtus LawNo CommentsCategories: Articles, Business, TaxTags: Economic Development, Tax Incentives

Negotiating Tax Incentives for Business Investment

Considering locating a new business in Minnesota or making a significant investment in expanding your infrastructure or equipment? If you’re going to be adding to a local area’s tax rolls through ...

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Business Arbitration
August 7, 2017Virtus LawNo CommentsCategories: Articles, BusinessTags: Arbitration, Contract, International, Mediation

Business Arbitration

Many businesses now choose to resolve disputes using a blended technique known as mediation-arbitration rather than the traditional court system. Mediation-Arbitration is a form of alternative dispute...

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Interested in Selling Your Business?
August 4, 2017Virtus LawNo CommentsCategories: Articles, BusinessTags: Business, Planning, Succession

Interested in Selling Your Business?

For business owners, one option to exiting involves selling. Often, this comes up when you’re considering retirement or someone has approached you and put an offer for the business on the table. If ...

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Check Your Restrictive Covenants Before You Buy
August 2, 2017Virtus LawNo CommentsCategories: Articles, Business

Check Your Restrictive Covenants Before You Buy

Restrictive and protective covenants cover both restrictions on your use of the property as well as imposing obligations on owners. Common Restrictions Restrictive covenants limit by contract your fre...

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