Before starting a business, it is important to consult an attorney regarding the different aspects of starting a business and other legal traps to avoid. There are many things to consider such as the business entity, business structure, and the contracts involved....
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Wang IP Law Blog
INVENTING A NEW CASINO GAME
On Behalf of Wang IP Law Group, P.C. | Dec 30, 2015 | Wang IP Law Blog
The United States is one of the only countries to grant patents for newly created casino games. The process of inventing and patenting a new Casino Game is similar to the patent process of any other invention. As with any new invention, the inventor must first make...
PATENT COOPERATION TREATY
On Behalf of Wang IP Law Group, P.C. | Dec 29, 2015 | Wang IP Law Blog
The Patent Cooperation Treaty (PCT) is an international patent law signed in 1970. The PCT established an international application, also known as the PCT application, which will protect an invention in any country that has signed the treaty. Most industrialized...
BENEFITS OF A PROVISIONAL PATENT
On Behalf of Wang IP Law Group, P.C. | Dec 29, 2015 | Wang IP Law Blog
In 2011, President Obama signed the Americans Invent Act (AIA), which led to enormous changes in patent procedure and law. The changes were slowly implemented, but one of the most drastic changes was converting America's historic first-to-invent system into a first...
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...
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...
DISSOLVING A PARTNERSHIP
On Behalf of Wang IP Law Group, P.C. | Aug 21, 2015 | Wang IP Law Blog
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...
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...
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...
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...
