Many partnerships end when both partners have met a certain objective and their partnership is no longer needed. Sometimes, a partner is no longer necessary when the business can become a new entity, such as a corporation. Other situations such bankruptcy or the...
Enriching Life Through Innovative Ideas SM
Month: August 2015
POUR-OVER WILL
On behalf of Wang IP Law Group, P.C. | Aug 21, 2015 | Wang IP Law Blog
Living trusts are created with the purpose of ensuring that all of a person's assets are passed onto the correct beneficiaries. When creating a living trust, it may be helpful to also create a pour-over will. A pour-over will is a document in which the writer of the...
THE HIGH COURT OVERTURNS PRIVATE COPYING EXCEPTION LAW
On behalf of Wang IP Law Group, P.C. | Aug 21, 2015 | Wang IP Law Blog
Private copying refers to when consumers pay for copyrighted material in one format and shifts the format from one medium to another. Nowadays, ripping music from a CD and converting the audio files into other forms is common practice. Consumers assume that because...
MAKING CHANGES TO A WILL
On behalf of Wang IP Law Group, P.C. | Aug 20, 2015 | Wang IP Law Blog
Circumstances are always changing and it is important to understand how you can make amends and updates to your will. There are many circumstances in which changes must be made to a will including, but not limited to: Changing the heirs of a will Getting married or...
JOINT LAST WILLS
On behalf of Wang IP Law Group, P.C. | Aug 20, 2015 | Wang IP Law Blog
Estate planning is essential to ensure that your assets will be distributed the way you would like after your death. A common way couples divide their estate is through a joint last will. Spouses typically use a joint will, but it can be created between any two...
ESTABLISHING GUARDIANSHIP IN A WILL
On behalf of Wang IP Law Group, P.C. | Aug 19, 2015 | Wang IP Law Blog
A last will is a legal document that allows a person to dictate how their estate should be divided to their beneficiaries. If you are a parent with children under the age of 18, you may also consider naming a legal guardian within the will. The legal guardian will...
WHAT IS A FEDERAL EMPLOYER IDENTIFICATION NUMBER?
On behalf of Wang IP Law Group, P.C. | Aug 19, 2015 | Wang IP Law Blog
A Federal Employer Identification Number (FEIN) is a nine-digit number that the Internal Revenue Service (IRS) uses to identify businesses. It is can also be referred to as a Taxpayer Identification Number, a Federal Tax Identification Number, a Federal Tax ID, or an...
GREY MARKET GOODS
On behalf of Wang IP Law Group, P.C. | Aug 18, 2015 | Wang IP Law Blog
It is common knowledge that U.S. customers are willing to pay a higher price for products from valued, well-known brands. There is a price disparity between the amount of money U.S. consumers are willing to spend versus the amount foreign customers are willing to...
AVOIDING PROBATE
On behalf of Wang IP Law Group, P.C. | Aug 18, 2015 | Wang IP Law Blog
Probate is a legal procedure in which a specialized probate court oversees the distribution of property according to the will of the deceased. The court will ensure that all debts are paid and that the property of the deceased will be passed on to the correct...
TRADEMARK DILUTION
On behalf of Wang IP Law Group, P.C. | Aug 17, 2015 | Wang IP Law Blog
Trademark dilution is the use of a mark or name that is similar to a famous mark to lessen the capacity and influence the reputation the mark has on the public. Federal Trademark Dilution Act (FTDA), 15 U.S.C. § 1125(c), enacted in 1996, specifically protects...
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What Our Clients Say
Starting a new business can be a bit scary. Aside from worries of failure, there’s also the hassle of making sure all legal paperwork are properly filed. I reached out to Mr. Wang (Tommy) because of his excellent reviews and reputation and I am so glad I did. He was thorough and meticulous in answering all of my concerns and took time to find out special laws and policies regarding the kind of business I am starting. I could focus on the daily practical side of starting my new office without worry because I felt Tommy was reliable and took my case seriously. My business is opened and it’s all been a smooth start because of Tommy’s help. I have plans to start another business venture in the next few years and I already know I’ll be coming back to Wang IP Law.
I came to Tommy for help reviewing a licensing agreement I had secured with a well-known manufacturer. Tommy made sure I understood all the details in the contract and he negotiated with the company to improve my side of the deal. I mentioned to Tommy at my first consultation that we were looking to expand throughout the US and were investing a lot of money to make a big entrance into the market. I did not think I would have my store open so soon but Tommy also has connections with the local area and realtors to help me secure the location for my first store in the Los Angeles area. Tommy works a lot with the local businesses and he understands how to transition from the Asian market to US market. Within 8 months my store was open for business and fully operating. I must recommend Tommy to any business owners looking for help with contracts and improving their side of the deal. Tommy has the knowledge and experience to make sure there is a smooth process to open for business here, and make sure that your company is set up for success.
I think Tommy and his team by far considered the best people to work with in my 16 business years. Beside quick responses to all my inquiries, they also done things right and providing very professional solutions. I’m highly recommending Tommy and his firm to all business owners.
I have been working on my Utility Patent for almost 4 years. I have hired and fired two very reputable IP firms because with all their expertise and reputation for being some of the top firms in IP Law, I felt a lack of connection and care in my product, time and financial investment. Then I found Tommy and his team. Tommy does not waste time. He and his team are professional and extremely thorough. After 4 years, I finally found a legal team that I felt spent the time to really understand the components of my utility patent. Tommy also very mindful of cost and how and where my money would be better spent. I really feel I am in great hands with Tommy and his team. They have been patient with my revisions. And most importantly, they made me feel that they fully understood the importance this patent is to me. It has been a great and comforting pleasure working with Tommy.