This month’s Business Bytes highlights right of publicity, defamed corporations and key person insurance.
Right of Publicity. Like the law of many other states, Illinois’ Right to Publicity Act, 765 ILCS 1075, prevents the commercial use of a person’s information or likeness without that person’s consent. While your identity can be part of a product that is sold (i.e.: mailing or subscription list) it cannot be used without your consent. READ MORE.
Corporation Can be Defamed. Recently a court ruled that a corporation can be defamed and sue for damages where the defendant sent defamatory emails to the corporation’s officers, directors and employees. While this may be the law, suing the defaming party may not be the best response if there are no substantial damages and a lawsuit potentially increases the publicity of the defamatory statements. READ MORE.
Key Person Insurance. If a key employee (or owner) of your business died, could your business survive the financial or operational loss? Obtaining key person insurance could go a long way to ensuring the continued operation of your business in this catastrophic situation. READ MORE