Kaufman and Canoles

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Software Licensing: Legal Issues with Business Consequences
You have assembled a team that has spent months researching and selecting the appropriate software and provider for your business. Nearing the end of the process, your team is ready to move on and sign the license agreement so that the software can be installed and used.
By Nicole J. Harrell

Private Client Services Update - 2012 Virginia Legislative Update - Trusts & Estates Law
The 2012 session of the Virginia General Assembly resulted in several important changes to trusts and estates law, most of which became effective July 1, 2012. Below are some of the more notable changes.
By William L. Holt, Sarah E. Messersmith and Private Client Services

Private Client Services Update - Interference with Inheritance: A Novel Legal Theory
Unless you closely followed the legal victory of the late Vicki Lynn Marshall, a.k.a. Anna Nicole Smith, you are probably unfamiliar with the legal action known as "tortious interference with expectancy of inheritance or gift." While this tort has been rejected by Virginia courts, it has long been recognized in North Carolina as well as at least nineteen other states.
By Jason R. Davis and Private Client Services

Employee Benefits Alert - Supreme Court’s “ObamaCare” Ruling and Employer Group Health Plans
In a surprise ruling, the U.S. Supreme Court has upheld all material provisions of the Patient Protection and Affordable Care Act of 2010 (the “ACA”), including the controversial individual mandate that requires taxpayers to obtain health insurance or pay a penalty tax starting in 2014. With much of the uncertainty about the future prospects of the law now lifted, employers should prepare for compliance with upcoming ACA requirements.
By ESOPs & Employee Benefits

Credit Union Legal Update - Summer 2012
In This Issue:
- Loan Participation Contract Checklist
- NCUA's List of Required Policies for Boards of Directors of Credit Unions
- Board Compensation
- Medical Leave Due to Pregnancy
- Truth-In-Lending - Still Hyper-Technical
By E. Andrew Keeney

Government Contracts Update - Central Contractor Registration (CCR) Changing to New System - System For Award Management (SAM)
All federal government contractors, with limited exceptions, must be registered in the Central Contractor Registration (CCR) database prior to award of a federal government contract. In July 2012, the CCR database will transition to a new system: System for Award Management (SAM).
By Government Contracts & Construction

Private Client Services Update - Self-Settled Spendthrift Trusts
As of July 1, 2012, Virginia will permit the creation of self-settled spendthrift trusts. Under the new law, a settlor may establish a qualified irrevocable discretionary trust which will not be subject to the settlor’s creditor’s claims.
By Lawrence G. Cumming and Private Client Services