Clark Hammond Elected to Board of USA Swimming as At-Large Director

We are pleased to congratulate our attorney Clark Hammond for being elected as 1 of only 3 newly elected members of the USA Swimming Board of Directors, in the capacity of At-Large Director.   Clark has previous experience serving on the USA Swimming board, is a certified National Championship Referee, served as a FINA referee […]

Competitive Advantage? “Professional Exemptions” to Non-Compete Agreements in Alabama

By William Stewart & Tom McKnight “There are multitudes of businesses, but few professions.” So declared the Alabama Civil Court of Appeals in a decision from 1980. Generally speaking, professionals are exempt from the acceptable restraints of non-compete agreements as governed by Alabama’s restrictive covenant law. Yet who counts as a professional in the state? […]

Wallace Jordan Attorneys Recognized by 2022 Best Lawyers in America

Several Wallace Jordan Ratliff & Brandt attorneys have been recognized in the 28th edition of the Best Lawyers in America 2022 in the practice areas of Corporate, Tax, Banking & Finance, Real Estate, Construction, Bankruptcy, Insolvency & Reorganization, Family, Health Care and Insurance Law; as well as Commercial, Bankruptcy & Construction Litigation, Criminal Defense, Mediation, […]

Getting a Lease on Things? Considerations Before You Sell Commercial Real Estate Holdings in 2021

By Matthew S. Hale   Who loves paying taxes?  Not you? We don’t either.   Yet President Joe Biden has proposed a top federal tax rate of 39.6 percent on long-term capital gains and qualified dividends. Factor in average state taxes and a 3.8 percent federal surtax, and the wealthiest Americans could face a tax […]

Ask Wallace Jordan: Construction Contracts—Payment and Non-Payment

By Clark R. Hammond A clear, comprehensive, and unambiguous contract is vitally important for contractors and subcontractors engaged in the business of construction to negotiate and execute.   There is a lot on the line in large, expensive (and lucrative) projects. Schedules for completion of work, payment, licensing requirements, conditions related to potential delays, remedies […]

You Can’t Own an Idea: An Intellectual Property Primer

By William B. Stewart, Sally S. Reilly and Laura M. Jackman Imagine this: You are walking down the street one day when a fit of genius comes to you. What if I create a 7-inch-long stick with a row of bristles attached to it that people can use to clean their teeth and freshen their […]

Clearing Smoke: What Employers Need to Know About Alabama’s Medical Marijuana Law

By Michael L. Jackson Many employers in Alabama have experience with testing for employee use of marijuana. Yet there is now a new wrinkle to address: What about medical marijuana?  Fortunately for employers, Alabama’s new medical marijuana law is accommodating to employers and leaves employers with mostly the same discretion as to their treatment of […]

Selling a Family-Owned or Other Closely Held Business: A Buyer’s Market at the Crossroads

By Michael J. Brandt and Matthew S. Hale   In January 2020, the first COVID-19 case was confirmed in the United States, changing the direction of the U.S. economy and bringing many businesses to, or even past, their breaking point.   According to Fortune Magazine, as of September 28, 2020, almost 100,000 small businesses in […]

Understanding the Law of Construction Licensure in Alabama

By Larry S. Logsdon and Ben Robinson An important and common issue for the construction clients our firm represents is the law of proper licensure for contractors and subcontractors. While all states have licensing requirements, Alabama’s are arguably among the nation’s strictest. The state has very specific laws governing the licensure of general contractors and […]

Subchapter V: How This New Bankruptcy Option Protects Small Businesses

By Clark R. Hammond and Gary Lee For some struggling small businesses, a new bankruptcy option offers a cheaper, easier and less cumbersome path to restoring financial health than a traditional reorganization plan under Chapter 11 of the U.S. Bankruptcy Code. The timing is fortuitous. As an economy battered by the COVID-19 pandemic sputters its way further into 2021, facing business bankruptcy may increasingly be […]