Shareholder Voting Rights

Under Colorado law, what corporate actions require a shareholder vote or other type of shareholder approval? The shareholders of a corporation generally have decision making power over the following corporate actions: Annually electing the members of the corporation’s board of directors Removal of a member of the corporation’s board of directors Amendment or restatement of …

Reviewing a Letter of Intent for a Real Estate Transaction

Parties to a real estate transaction use a letter of intent to agree on, and describe, the important terms of a real estate transaction. The important terms of a real estate transaction are typically the financial terms and the other contract terms that have a substantial affect on one or both of the parties after …

Deferred Compensation Plans – Common Types

Deferred compensation plans are used by businesses to compensate and incentivize their employees without offering the employees equity ownership in the business. A deferred compensation plan for an executive allows the business to retain talent by compensating the executive over a longer period of time such as during their retirement. The following are some common …

Trademark: ‘Generic.com’ trademarks OK with Supreme Court

Recently, the U.S. Supreme Court ruled that a generic word and .com when used together, such as in the company name “Booking.com”, could be eligible for exclusive U.S. trademark protection. This decision overturned a long standing U.S. Patent and Trademark Office (“USPTO”) prohibition on granting U.S. trademark registration for trademarks that contained a generic word …

Closely Held Business – 7 Duties to Minority Owners

Generally, the majority owners of a closely held (private, non-public) business have certain legal obligations to the minority owners preventing the majority owners from abusing their position and taking certain corporate actions without the approval of the minority owners. For example, in a general partnership where one partner owns 51% of the ownership interests in …