One of the
downside of any business is falling into legal liabilities. According to
businessdictionary.com legal liabilities are obligations under law arising
from civil actions (torts)
or under contract.
Courts can
only decided a legal liability
even if the settlement is
made out of the court by mutual agreement.
Businessdictionary.com state “liability
insurance normally covers only
the liability arising from torts and not from the contractual obligations.” When a company fails to meet their
responsibility, it leaves them open to a lawsuit for any arise damages.
In the Internet
people can find podcasts related to IP laws that can help future managers to
prevent legal liabilities. By the way I found some interesting podcasts about IP
law that can give some feedbacks on dealing with liabilities. My first podcast is
Bridging the Gap in Copyright Protectionof Symbols, Shapes and Letters. In this podcast, Thomas McNulty and Julia Mathis of Lando & Anastasi, LLP discuss
copyright protection of symbols, geometric shapes, and letters. McNulty and
Mathis discuss the difference between a copyright registration and trademark
registration. They also discuss the importance of having these registrations to
protect IP. Companies, record labels, and any other sort of business that have
a logo and produce IP is important for them to have clear interpretation and
knowledge of the IP law that protect them. My second podcast is episode 29- 360 deals, rights of publicity,and more. In this podcast the main discussion is about 360 deals v. the Talent
Agencies Act. Erin Jacobson practices
in Los Angeles, California where she represents musicians, songwriters,
producers, companies, and other entertainment professionals discus the main
issues with the 360 deals and the Talent Agencies Act of California. A 360 deal
is a deal that allow the labels to either own or share in the profits from all
areas of artists’ careers, including: music publishing, live touring,
merchandising, sponsorships, endorsements, websites, fan clubs and their
associated ads, literary rights, and acting. However this kind of deal can
incur in violation with the California Talent Agencies Act. The California
Talent Agencies Act demands any person who procures employment for an artist to
become a licensed talent agent or agency by the California Labor Commissioner.
If the person is not a talent agent or agency, it cannot procure employment for
his artist. This is an issue that can be a problem for any label record
including mine. A good solution for this matter can be hiring a licensed agent
or agency that can book live show and events. The third podcast is Workers’ Compensation Claims for NFL PlayersCoping With Dementia. Even thou this podcast do not focus on my main
business plan working in the sport world is a passion that I have since I was a
young man. This podcast discuss climbing rates of depression, dementia and even
Alzheimer’s disease linked with pro football careers and concussions. This is a
great podcast because as a future athlete agent and manager is important to be
concern about issues that can cost an athlete career and even more their lives.