Often in the case of a business bankruptcy, rights under an intellectual property license or franchise agreement represent a significant asset of the debtor’s estate or an important centerpiece of any reorganization effort. Any struggling business with a valuable license or franchise agreement should carefully consider the possible effects of bankruptcy prior to filing.

Because of its flexibility, a wide variety of companies, from large publicly-held companies to small privately-held companies, have adopted ESOPs. However, ESOPs are used differently for different types of companies, so it’s essential to determine (i) whether an ESOP is suitable for your company, and (ii) the general steps in the feasibility analysis and implementation of an ESOP and ESOP transaction.

The Tennessee Patient Safety & Quality Improvement Act affords healthcare providers certain protections, including privilege from discovery and immunity from any liability.