European Data Privacy Laws – Why Should I Care?

GDPR has frequently been mentioned in the US technology and business news, but most US-based businesses haven’t worried about the details. GDPR (the General Data Protection Regulation) is a European data privacy law that controls collection and processing of personal data of individuals within the European Union (EU).   In an effort to establish digital rights for European Union citizens, the ... Read More

Trade Secrets 101

The world of intellectual property (“IP”) is often an enigma to the general public.  While creations of your mind, works of authorship, names/symbols used in commerce, and various know-hows are likely the most valuable assets of your business, there is still a fairly limited understanding by business owners about different forms of IP.  We regularly receive questions from our clients regarding trademarks, ... Read More

Is Your Business a Cash Eating Monster?

Where are my business’s profits going? What part of my business is eating up all the cash? Can I continue to operate my business this way? We frequently hear these questions from clients we represent - not only entrepreneurs and startups, but from businesses of all sizes. Businesses are created and sustained from a desire to provide products and services that benefit others. In return, businesses should provide their ... Read More

What does it mean to be a data-driven law firm?

At CLARK.LAW, we pride ourselves on being a “data-driven” law firm. The use of data in legal practice is a foreign concept for most lawyers, but it is gaining popularity. Leading edge firms are utilizing data to improve efficiency, ensure consistency, control costs, more accurately predict case values and outcomes, and better serve their clients. Here are four examples of how we use data in our business: ... Read More

Truly Mind Boggling

In February, regional banks BB&T and SunTrust announced they would join forces to become the sixth largest bank in the U.S. This merger is the largest since the 2008 financial crisis, with the new entity becoming the sixth largest bank in the U.S. with around $442 billion in assets, $301 billion in loans and $324 billion in deposits.  Earlier this month, the merging banks announced that “Truist” will be the ... Read More

My Trademark Search Results Revealed a Conflict – Now What?

Almost every new trademark engagement at our firm involves one or more trademark searches.  Some might argue that the search phase of a trademark project is the most important. A properly conducted trademark search reveals information that should be used to design a company’s trademark strategy.  Assuming the search was well-designed and the results correctly analyzed, I can’t think of a better way to predict a ... Read More

One Woman Said

People talk.  Sometimes they speak the truth, and sometimes they share what they believe to be true.  There is a three-letter acronym in the Russian language, OBS, that stands for what would be translated into English as “One Woman Said.”  It refers to widely believed misconceptions like sitting on a stone will unavoidably trigger a cold or vaccinating your child may cause autism.  Believe it or not, there are plenty ... Read More

Do You Have a False Sense of Security about your Brand?

Business owners frequently have misconceptions about the legal status of their core brand.  For the purpose of this article, when I refer to a “core brand” or simply a “brand”, I am talking about the name a business uses to identify itself.  A business’s core brand might also include one or more logos or slogans, but here I want to focus on the words that your customers or clients use to identify your business as the ... Read More

Prepare to Hate your Business Partners

I’m not sure I have ever written an article with such a depressing title before, but it does succinctly and accurately capture one of the single most important pieces of advice I give to entrepreneurs and business owners.  Contrary to what you might think, however, the underlying message is intended to help avoid future conflict and strife in your business. Read on and you’ll understand what I mean. In the early ... Read More

How to Effectively Terminate a Contract

By: Chris Clark and Christy Clark In one of my favorite episodes of the US sitcom The Office, office manager Michael Scott confronts his growing debt by seeking a fresh start. Michael walks out into the middle of the office, and the following exchange occurs: Michael (loudly): “I DECLARE BANKRUPTCY!” Oscar: “Hey. I just wanted you to know that you can't just say the word "bankruptcy" and expect anything to ... Read More