Intellectual property law 

Posted by on Dec 29, 2015 in Intellectual Property Law, Estate Planning | Comments Off on Intellectual property law 

Intellectual property law

This law is created to protect property that developed from some kind of intellectual labor. Owners of the property are protected by the legal system. Patents, copyrights and trademarks protect intellectual property and by the law the owners of intellectual property can expect some financial compensations for their work. Patents protect new innovations of touchable matters, copyrights protect for example some written and creative expressions while trademarks protect some name or symbol that is related to product or the goods  you can find out more here .


Gavel-Law-Vector-PNG-03355Copyright: by copyright law is considered all of creative work like painting, movies, book, software, writings, architecture, photos, dance and music and they are protected by federal law. Every work must fulfil some demands to gain protection of copyright law. The extent of protection can also vary depending on when is it created or how old it is.

Trademark: every symbol, slogan or sigh that distinguish some product or service falls under protection of federal and state trademark laws. We are all familiar with brand names like Nike, Microsoft, Apple and etc. Their brand names are protected with trademark laws and by them they are distinguished around world. Trademarks get different levels of protection which depends on many things, like how much costumers are aware of the product, type of the product and geographic area of the product.

Patents: they give investors the right to use their innovations in the market or they can transfer the right on the patent on someone else and get financial benefit for that. Patents rights are usually valid for 20 years. Patents can be considered new machines, manufactured goods or technological improvements.

Right or privacy: even though this is not the part of intellectual property, this right means that every human has the right to be left alone and that no one has the permission to publish some personal information about some other person without its consent. Some of this information on this  site here

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Foreclosure law 

Posted by on Dec 29, 2015 in Foreclosure Law  | Comments Off on Foreclosure law 

Foreclosure law


Foreclosure law is a legal process which includes on one side borrower of the money and on the other side the lender of the money. This law provides means for mortgage lender to take into a possession and sell a house if borrower doesn’t pay his mortgage regularly. Lender of the money, in this case the bank, has the right to sell the house to settle a debt. If the debt is bigger than the price of the house, the borrower must pay the difference and he has to leave the house.

student-loans-hurt-mortgage-applicationTo understand better foreclosure law, it is desirable to know how the mortgage works. When a homeowner wants to purchase a new house or if he wants to make some improvements on the home, he usually goes to a bank and seeks a loan for that purpose. On both cases bank lends him the money and he is required to sign a mortgage documents giving the bank security interest in the house for special info. When we simplify this subject: as long as the homeowner pays the loan regularly he won’t have problems, but when the payments of the loan stop bank has the right trough foreclosure to settle its debt.

This law is different in each state in United States, the end result is the same, the borrower loses all rights on his house. But there are means to stop foreclosure. One of them is that borrower pays the loan fully, before the bank sell the house on foreclosure sale. This will immediately eliminate the foreclosure.

Monica Zent on Foreclosure Law

Some states provide for borrowers to pay only the missed payments without any fines  said that the borrowers don’t come into this situation without reason and they usually don’t have financial means to pay mortgage. These people maybe still have the chance to keep their homes through forbearance. This means that lender agrees to suspend loan payments for a certain amount of time. It can be very useful for a borrower to have some extra time if he is out of work temporarily.

Another way to stop foreclosure law is to modify the loan, lender agrees to change the conditions of the loan to make it more affordable to a borrower and these changes are permanent.

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