Summary As many of you know, there has been a surge in privacy litigation across California and the nation, targeting ordinary business practices involving website tracking and video streaming. With statutory damages ranging from $1,000 to $5,000 per violation, these cases can quickly escalate into seven-figure exposures—even for small businesses. This alert identifies some of…
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I Received A Demand Letter, Now What? Initial Steps Businesses Should Take
In uncertain economic climates, it’s common to see a rise in demand letters as businesses experiencing or anticipating financial pressure are motivated to pursue faster, lower-cost mechanisms to resolve disputes. A “demand letter” is a formal written communication from a party (often a vendor, current or former business partner, creditor, or other counterparty) asserting a…
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Important Update on “NJ Mansion Tax” and “Controlling Interest Transfer Tax” Law
What Is the “Mansion Tax”? The New Jersey Mansion Tax is a transfer tax that applies when certain classifications of real estate are transferred for 1 million dollars or more. It is collected at closing and must be paid before the deed can be recorded. The tax applies to the sale/transfer of (a) residential homes,…
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Pot of Gold or Money Pit? Short-Term Vacation Rental Property Investments
The changes to the real estate market brought upon by the COVID-19 pandemic combined with the convenience and ease of use of online platforms like Airbnb, VRBO, and HomeAway have led to an explosion in the short-term rental market throughout the country. As such, many individual and business investors are looking to capitalize on this…
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