When most people think of a contract, they envision a document filled with dense, complex language that seems far removed from everyday speech. This type of writing, often referred to as “legalese,” is typically associated with professional legal documents drafted by trained lawyers. However, a study by Eric Martínez, Francis Mollicab and Edward Gibson has … Read more
In August 2024, a class action lawsuit was filed against Anthropic PBC, a technology company recognized for developing advanced AI capabilities, notably its Claude family of large language models (LLMs). The lawsuit, spearheaded by authors Andrea Bartz, Charles Graeber and Kirk Wallace Johnson, accuses Anthropic of unlawfully utilizing copyrighted materials—specifically, a vast collection of pirated … Read more
While the do-it-yourself approach to forming a limited liability company (LLC) can be tempting for cost-conscious entrepreneurs, it’s important to recognize that this strategy may be penny-wise but pound-foolish. The nuances and details involved in forming an LLC can be complex and missing crucial elements may lead to complications down the road. This guide aims … Read more
I asked ChatGPT to write 10 original legal jokes in February. Here are 10 more: Bill Burr has got nothing to worry about.
Navigating the complexities of an Initial Public Offering (IPO) requires meticulous attention to a myriad of provisions, each carrying significant implications for the company’s future as a public entity. The negotiation of these key provisions can be a delicate balancing act, involving the interests of the company, existing shareholders, underwriters and potential investors. Let’s delve … Read more
The American Bar Association’s Standing Committee on Ethics and Professional Responsibility has issued a formal opinion addressing the ethical considerations surrounding lawyers’ use of generative artificial intelligence (GAI) tools in legal practice. Formal Opinion 512, released on July 29, 2024, provides crucial guidance for attorneys navigating this rapidly evolving technological landscape. At the heart of … Read more
The journey of a company from private to public ownership through an Initial Public Offering (IPO) is a transformative process that marks a significant milestone in its evolution. This transition, often viewed as a coming-of-age moment in the business world, opens doors to vast pools of capital and heightened prestige, while simultaneously ushering in new … Read more
In a bold move to position itself at the forefront of the artificial intelligence revolution, New Jersey has introduced the “Next New Jersey Program.” This innovative initiative, established within the New Jersey Economic Development Authority, aims to attract significant investment in AI and related industries, create high-paying jobs and cement the Garden State’s status as … Read more
When it comes to startups, maintaining momentum is crucial. However, there are times when a company’s growth outpaces its available capital, creating a financial gap between major funding rounds. This is where bridge funding comes into play. It’s a vital lifeline that can keep a startup afloat and thriving during critical transition periods. Bridge funding, … Read more