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Ongoing employment is consideration (access required)

An employee’s agreement assigning patent rights in an invention to his employer is not invalid because the “good and valuable consideration” the employee received was simply his continued employment, an Abingdon federal district judge has ruled. Combining elements of Virginia ...

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Solo judges to review petitions (access required)

The Virginia Court of Appeals is down-sizing its review panels for criminal petitions for appeal. Beginning July 1, 1994, each petition for appeal will be reviewed initially not by the standard three-judge panel, but by a single judge of the ...

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IRS proposal targets partnership, LLCs (access required)

The Internal Revenue Service may pursue Virginia partnerships and limited liability companies to prevent them from abusing their preferred tax treatment, under proposed regulations released last month by the agency. The regulations would broaden the agency’s authority to deny a ...

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