The Department of Labor (the “DOL”) recently issued a new rule establishing a six-factor test to determine if a worker is properly classified as an employee or an independent contractor under the Fair Labor Standards Act (the “FLSA”). If properly classified as an independent contractor, the worker is not entitled to various employment-related protections (e.g.,… Read More »
On April 23, 2024, the Federal Trade Commission, by a vote of 3-2, issued its final rule effectivelybanning (with limited exceptions) non-compete agreements. KEY POINTS The Final Rule What agreements are covered? The rule defines a “non-compete clause” as a term or condition of employment that prohibits a worker from, penalizes a worker for, or… Read More »
Business owners are understandably concerned about the financial impact of the novel Coronavirus (“COVID-19”). Business interruption insurance, an add-on to commercial property insurance, may protect businesses against income losses resulting from suspension of operations. While coverage is dependent on the language of the policy, such losses may be covered when the suspension of operations is:… Read More »
What is business law and its importance? Also known as commercial law or mercantile law, business law can be defined as a set of laws and regulations that govern the dealings of transactions related to commercial matters, such as business organizations. Business law encompasses all laws that provide guidance on how a business can be… Read More »