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Jerry Cohen
Jerry Cohen Hello. I'm Jerry Cohen and with this blog I'll be providing insight and solutions regarding legal matters affecting the furniture industry, including operational issues, trends, and current and proposed legislation. I've worked on the business and legal side of the furniture industry which gives me an unusual perspective on the complexities we face. My firm and I currently counsel furniture manufacturers and national, regional and local retailers with their corporate, commercial and intellectual property transactions, as well as day to day matters. In the course of our work we deal on a regular basis with federal, state and local authorities, attorneys general, financial institutions (such as banks, asset based lenders, hedge funds and private equity); licensors and licensees; the media; sale promoters; creditors and debtors, landlords, and others. Have a comment? Add it to this blog or write to jcohen@homefurnishingslaw.com
Email: jcohen@homefurnishingslaw.com
Law and the Business of FurnitureLink This | Email This | Comments (0) What Your Business Should Know About the Affordable Care ActThe bulk of the Affordable Care Act (ACA) kicks in next year, and employers are bracing for the impact that providing the required health care insurance to employees will have on their business. Here are some facts to help you plan ahead.Required Coverage. Businesses with more than 50 "full-time equivalent" employees must offer coverage or be subject to a penalty. Both full time and part... MoreLink This | Email This | Comments (0) SIX NEGOTIATING AND DRAFTING TIPS FOR LICENSEES (AND A BONUS)In an earlier post I provided several tips to help Licensors avoid many common pitfalls. To even the playing field, this post will discuss tips for Licensees. 1. Why Are You Licensing: Know why you're licensing a brand. "Everyone else is doing it" is not a good enough reason because of financial risks and resources required. Are you looking for brand recognition, a new or fresh look to... MoreLink This | Email This | Comments (5) 7 Negotiating and Drafting Tips for LicensorsIt seems that a day doesn't go by without an announcement of another licensing deal. Licensing has become a driving force in the furniture industry, but if licensors want to succeed they need to be mindful of the many pitfalls to avoid. My next post will discuss tips for licensees.1. Defensive Strategies for Low Sales and Royalties: If the licensee markets the product poorly, the licensor will... MoreLink This | Email This | Comments (2) U.S. Senator’s Proposed Amendment to the Lacey ActMany in the furniture industry have commented that, despite the Lacey Act's praiseworthy goal of discouraging illegal logging, the statute can be vague and overreaching. We're familiar with the Gibson Guitar case in which the company may be charged for allegedly violating the Act. In his Huffington Post article titled "Repeal the Lacey Act? Hell No, Make it Stronger," Henry Juszkiewicz,... MoreLink This | Email This | Comments (0) LENDING TO A BUSINESS, RELATIVES AND FRIENDSWhen lending money, the IRS (and common sense) requires that you follow a few rules. One such rule demands that you charge what the IRS deems to be an adequate interest rate on loans totaling at least $10,000. Failing to charge such an interest rate can trigger "below market loan" rules which may result in gift tax consequences for you and income tax consequences for both you and the bor... More |
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