Fortis Blog

The Post-COVID Trademark Landscape: USPTO Backlog and Approaching Fee Increases Drive Urgency for Applicants

The Post-COVID Trademark Landscape: USPTO Backlog and Approaching Fee Increases Drive Urgency for Applicants

By Andrew Comer The United States Patent and Trademark Office (USPTO) experienced significant backup and processing delays during the COVID-19 pandemic. While delays have eased, they still haven’t gone away, due in part to the doubling of applications between 2020 and 2022. Overall, the trademark registration process has become notably more challenging in recent years, but there are ways to ease the burden.  Number of Applications Continues to Rise While

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Natural Medicine Health Act and Psychedelics Market

Exploring the Implications of the Natural Medicine Health Act on the Psychedelics Market in Colorado

By Leni Plimpton, Fortis Law Partners In November 2022, Colorado voters passed Prop 122, also known as the Natural Medicine Health Act. The Colorado legislature then established a regulatory structure for the voter initiative with the May 2023 enactment of Colorado Senate Bill 23-290, known as the Natural Medicine Legalization and Regulation Act. Together, they usher in a new age of legalized (non-synthetic) psychedelics in Colorado. As this market emerges,

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Corporate Transparency Act Rolls Out New Requirements

Reporting Companies Urged to Take Swift Action to Comply As part of our commitment to ensuring your business remains ahead of regulatory changes, we want to draw your attention to the Corporate Transparency Act (CTA). This act mandates that corporations, limited liability companies (LLCs), and similar entities report specific information to the Financial Crimes Enforcement Network (FinCEN).  Additionally, we want to clarify that our firm, like many in the legal

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Important Employment Law Changes Every Employer Should Address in 2024

By Liz Hartsel, Fortis Law Partners As an employment attorney, I regularly tackle an annual review of my clients’ contracts, employment policies, and employee handbooks. Why does this matter? Well, employment laws and business norms are constantly evolving. Ensuring that your company is in full compliance with state and federal employment laws and regulations helps businesses avoid fines, lawsuits, employee confusion, and conduct issues.   Here are the eight newest key

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Employer Awareness Alert: A Labor Claim Could Happen to You

By Leni Plimpton Small businesses: Depending on the type of business and your gross annual business volume, the National Labor Relations Act (“NLRA”) probably applies to you! (As a rule of thumb, overall, most non-government employers with a workplace in the United States are covered.) It is important to be aware of the implications of the law and ensure that your business is in compliance. Mistakes can be costly for

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New Independent Contractor Regulations Issued by U.S. Dept. of Labor

By Chris Lamb On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s previous guidance on how to analyze who is an employee or independent contractor under the Fair Labor Standards Act (FLSA). It rescinds the 2021 Trump-era Independent Contractor Rule (2021 IC Rule), replacing it with a different analysis for determining employee or independent contractor status more consistent with

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Unbundled Legal Representation: A Concept with Good Intentions but Big Challenges

By Henry Baskerville, Fortis Law Partners As litigation costs have skyrocketed in recent years, unbundled or limited scope representation has gained traction in the legal world. The concept, introduced by the Colorado Supreme Court in the late 90s, sets out an alternative to traditional full-service representation by providing an a la carte option where clients can receive select services from an attorney while handling other portions of the case themselves,

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Client Alert for Colorado Employers: Non-Compete Salary Thresholds Increase Jan. 1, 2024 

By Liz Hartsel The salary threshold of a highly compensated worker is increasing in January, which directly impacts whether non-competes are enforceable. In our previous blog post regarding changes to the enforceability of non-compete agreements, we explained that an employer’s ability to use or enforce non-compete agreements (including the non-solicitation of customers) is directly tied to certain salary thresholds for employees. Those thresholds are increasing in 2024 and will continue

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Noncompetes When Buying a Business: Overreaching Hurts Buyers More than Sellers

By Dustin Rickett Nearly any deal regarding the sale of a business includes covenants prohibiting sellers from competing with the business they just sold. Most buyers (understandably) are nervous that a seller may decide to open up a new shop in the same industry – thereby materially devaluing the purchased company. This often leads to buyers looking for noncompete restrictions with the broadest scope possible. Be wary, however, because if

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Client Alert: The Corporate Transparency Act Goes Into Effect January 1, 2024

By Kaitlyn Dehmer The Corporate Transparency Act (the “Act”) aims to prevent, among other things, money laundering and tax fraud. The Act requires certain entities to submit beneficial ownership information to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).   Who Will It Affect? Reporting companies are required to report beneficial ownership information.  A reporting company is defined as any entity created by a filing of a document with a

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