Unclaimed Property Laws Actually Work in Your Favor With This Huge Loophole

If you’ve been sweating unclaimed property laws–the ones that govern how much you can legally make as a money finder–sweat no more. There’s a huge loophole that not too many people are aware of that will allow you to legally collect 40%, 50% or even more, depending on the case, to help people locate and recover their lost money.

A little background: most states have passed, or are in the process of passing, unclaimed property laws that cap out what you can collect as a finder’s fee on state-held unclaimed property at as little as 5%. Other states allow 10% or 15%, or up to $2500. This is pretty discouraging for folks who are looking to make some big paydays for their efforts in tracking down lost claimants.

What most don’t realize is that those unclaimed property laws generally only apply to funds held by the state. This means that funds held below the state level are usually not subject to these caps. What that means for you is that you are legally able to charge a far more fair fee – 30-50% in most cases – for your time and effort.

Need an example? A good one is tax sale overages. When more is bid at tax sale for a property than is actually owed in back taxes, that overage amount is held for the owner and doesn’t go to the state level for at least a few years in most cases. This means you can go after those overages, in most cases, for the entire period of time they are being held outside the state and won’t be subject to the state finder’s fee caps.

So how do unclaimed property laws work in your favor? Since most people don’t understand these laws, most assume that the state laws apply to anything that happens in the state. This means very few people are working those funds created by tax foreclosure and other similar things – and these funds run into the tens of thousands of dollars regularly. Find an overage of $50,000, find its owner, get them under contract for a 40% fee and you’re looking at a $20,000 payday. Work these funds full-time, and you have an extremely lucrative career… all of which can be run from your home office!

Article Source: http://www.bankruptcylawyerinmilwaukee.com

 

An Introduction to Intellectual Property Law

What is Intellectual Property Law? Often referred to as IP Law, intellectual property law refers to the ownership of creations, for example ownership of music, artwork, literature, inventions, designs and ideas. These works are the intellectual property of the creator, meaning they own their creation.

Why is this important? It is important because if IP law didn’t exist they could be used by others, possibly to make money from someone else’s work. It could have financial value so it is only right that the creator is the owner. This means they have to give permission for someone else to use their idea or creation, and are entitled to a percentage of any profit made. Intellectual property law ensures that an idea or creation is protected where necessary.

Businesses and Brands

Amongst the things that come under intellectual property law is a brand or business idea. Simply thinking of an idea means you own that idea, and if someone else steals it they are breaking the law and are likely to have to compensate the creator. That said, it must be proved this has been stolen. The lines can be blurred but, essentially, if you come up with an idea someone else can’t use it without your permission. Company logos and branding is also under the ownership of the creator, much like artwork.

Music

If the lyrics, notes or chords of music are written down or recorded then it is officially the copyright of the creator, so they own the rights to it. It can then only be used by others with their permission. This is true whether someone else records it or it is played on the radio, for example. When it is played on the radio the radio station must pay a fee to the copyright owner. If someone else records it a percentage of the sale must go to the copyright owner. This is even the case if someone performs it live and earns money from this.

Artwork

When someone creates a piece of art, whether it is a drawing, painting, sculpture or photograph, then they are the intellectual property owner. It can therefore not be copied (whether redone or another copy made) without the permission of the creator. Payments must also be made where money is made from this. Museum shops often sell posters or postcards of the artwork on display in their museum. Some of the money made from this, though, must go to the copyright owners.

Literature

When someone writes a novel or a poem it is their intellectual property. Again, there must be permission and payment where someone publishes this. Usually publishing rights are sold to one publisher. They will then be able to sell it, whereas other cannot. Copyright does run out seventy years after the creator’s death though. Charles Dickens novels, for example, can now be published by anyone and sold without permission or payments given to his estate.

Intellectual property law covers many areas. The above are just some of the most obvious examples. Essentially, any ideas or creations are the intellectual property of the creator and they own the copyright to their work.

Intellectual Property Law – Managing Intellectual Property and Valuing Assets

To understand intellectual property you first need to understand what intellectual property is. If you have created something such as an invention that you have the legal right to this and no one else can copy your creation. If they do you have the right to sue them in a court of law. there are many categories when it comes to this type of law such as patents, trademarks and copyrights. If you have a trademark on a certain name brand then it allows you to use the brand in any way you feel necessary. Nobody is allowed to use that brand name to make a profit from it because it is legally yours.

In some cases it can be a little confusing because when you are talking about intellectual property it can be an intangible item. When you’re talking about regular property something that you can see and touch it is easier to understand how you can legally own that property. It can also be difficult to value the assets of this type of property because in many cases it can very from brand to brand. As with a house for instance you can get the value of that type of property because there are other similar houses in the area that have sold for a set amount of money.

Remember when you are talking about Intellectual-property rights it allows you to legally own a copyright, patent or trademark. This means if you create something or file for a patent you are safe from somebody stealing your idea and making a profit from it. It is always best if you have a legal issue that you find a good intellectual property rights attorney that can help you out. To find free information, check this link: www.pa-workers-comp-lawyers.com.