From Text to Terms: Navigating Modern Contracts in Digital Communications

Category- Corporate/Commercial Law

What legal steps should I take to ensure protection when purchasing an Instagram account?

To protect yourself when purchasing an Instagram account, draft a thorough asset purchase agreement, detailing the parties involved, asset description, purchase price, and payment terms, ensuring it provides for secure transfer of ownership, including access credentials, and including seller warranties on follower authenticity, absence of past violations, and confirmation of full ownership rights.

Category – Real Estate Law

How can a co-op in New York implement a flip tax while ensuring compliance with legal requirements?

The co-op board must verify that the authority to impose a flip tax is explicitly stated in the cooperative’s governing documents, such as the proprietary lease, offering plan, or bylaws. If this authority is not present, the board will need to obtain shareholder approval to amend these documents to include the flip tax provision.

Category – Crypto Law

Which U.S. state is the most favorable for establishing cryptocurrency ventures, and why?

Wyoming is considered the most favorable state for establishing cryptocurrency ventures due to several pioneering legislative actions, such as recognizing Decentralized Autonomous Organizations (DAOs) as a specific type of limited liability company and allowing cryptocurrency companies to access traditional banking services while complying with federal regulations.