Business

Virtual assets 102: money laundering regulations, virtual currency & virtual property

By / June 18, 2020

We’ve recently discussed the elements of virtual currency and virtual property in online games. But what types of regulations might apply to virtual goods and currency? There are some interesting ones that many game developers or publishers may not consider, but they should. Today’s post will cover one: money laundering regulations.  It was reported in …

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Non-Competes & Non-Soliciations: What’s the Difference?

By / May 27, 2020

When building a successful games business, developers often seek protection from unwanted competition by asking employees to sign a non-compete or non-solicitation agreement as a condition of the individual’s employment. What’s the difference, and what’s the likelihood of a court enforcing those agreements? Non-Competes are tough to enforce–which is why they need to be carefully …

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Virtual assets 101: what is virtual currency?

By / May 20, 2020

We talked previously about virtual property – property that’s solely virtual in nature that isn’t tangible and has no real-world equivalent. One type of virtual property is virtual currency. So what is virtual currency? In this instance, we’re specifically discussing games, apps, platforms and other virtual economies.  In many games, players can use real-world money …

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Virtual assets 101: what is virtual property?

By / May 20, 2020

Virtual property can mean a lot of things in different situations. How is the purchase of virtual property regulated? What risks do developers and publishers face by including these kinds of transactions? This series will cover virtual property, virtual currency and the regulations behind these assets as this space continues to grow at a rapid …

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What is a DBA (Doing Business As)?

By / April 28, 2020

A DBA (Doing Business As) is a registration for a company conducting business under a different name than the name under which it was formed. DBAs are also sometimes referred to as an “assumed name,” a “fictitious business name,” or a “trade name.”  A majority of states in the US require corporations and LLCs to …

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Are non-compete agreements enforceable in the video game industry?

By / April 21, 2020

Non-compete agreements restrict employees from being able to go to work for competitors after leaving an employer, willingly or unwillingly. They are a standard practice across the board in the video game industry and are intended to offer protection for game developers, but are they enforceable?  The short answer? Yes, for the most part. But, …

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Opting-Out: A Business’s Summary of the CCPA Opt-Out Requirements

By / April 1, 2020

With the California AG’s proposed edition of the CCPA regulations, many commentators are puzzled about–what appears to be–a moving target for businesses’ compliance. For the games industry, these regulations pose some unique challenges, not the least being the opt-out mandate.  The CCPA creates the right for a California-consumer to demand businesses to stop selling their …

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Five Recommendations When Developing Work-from-Home Policies

By / March 25, 2020

As positive-cases continue to rise, and more Americans are heeding officials’ requests for increased “social distancing” (or “physical distancing“), many businesses are transitioning work from the office to employees’ homes.  As teleworking becomes a new norm in American life, here are a few recommendations in developing your business’s work-from-home policies. Establish a Clear Telework Plan & …

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