NALP Exchange

Discussion of the Law

Month: December 2012

Wine and Beer Running Together

a beer distributorOver the past 12 months, we have seen a dramatic rise in the number of alcohol related lawsuits.  The reasons are pretty clear, lawyers see wine and beer distributors as ways to pay their bills.

Seriously, the industry has been seriously consolidated from about 50 nation wide distributors to only about 5.

For any wine of the month club, that’s a difficult situation to deal with to be sure since it is then difficult to find wine to buy and some other wine that you do find, can’t be purchased because of individual state laws.

Weird right?

I mean, I understand that laws like the beer and wine distributing 3rd party system and how they were created in the 1930’s….but can’t we update them since they’ve been around for over 80 years and really aren’t working any more?

Law and Entrepreneurship

When you first come up with an idea it is an exciting time, you begin to imagine what your business will be like, and obviously start imagining the success that comes with creating an amazing idea. However, you’d be advised to research the market thoroughly to make sure that you are not stealing someone else’s already amazing idea.

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Cast your mind back a few years to the infamous Zuckerberg vs Winklevoss lawsuit. Facebook founder Mark Zuckerberg was taken to court by the Winklevoss twins as they argued that Zuckerberg had based the model for Facebook on their site ConnectU at Harvard University. This case seemed to go on for eternity, and although being settled in 2011, there is still a debate about whether Zuckerberg did in fact steal the idea.

Obviously this is an extreme example, but it still highlights the importance of making sure an idea is your own and also giving credit where it is due. If you don’t, it may cost you a lot in the long run.

On the other side of the argument, you also want to make sure that nobody tries to steal your idea, otherwise you may be in for a shock when you come to patent it.   Many of the biggest and most powerful media companies protect both their brands and content strenuously although it is always possible to do some research wherever you are – How to Watch Netflix Abroad.

For entrepreneurs, coming up with the initial idea is an exciting time and it can be easy to forget about these important issues. Hopefully though, you’ll be glad that you did research the market and will not have to face these issues.

Professionals Need to Keep an Eye on Savings

Being a legal professional doesn’t exempt you from the need to create savings that will get you through difficult times and retirement.  Using an interest calculator is a great way to do so.

Interest calculator is a tool that is used to compute the charge attached to a borrowed asset. When you borrow money or an equipment, the lender will include a fixed amount or rate that must be accompanied with the asset. The essence of this is to make profit from the deal and also prevent losses from inflation. Interest calculators are used for computing all kinds of interests that arise from daily business transactions.


There are several transactions that cause the payment and receipt of interest. In either case, it is necessary to know how much you owe or how much you are expected to earn so that you can make accurate budgets. For instance, if you save some money in the bank at a fixed interest rate, you will be able to predict your total earnings after some time.

The bank pays interest on deposited funds because they also use it for business. When you accumulate such funds without withdrawing at any time, the interests are compounded. Compounding your interests means receiving interest on the interests that are added to the principal. Compound interest is the accumulation of simple interests and calculating it can be quite difficult especially when compounding for several years. Hence, the need for a compound interest calculator some of the best which you can find online.  If you’re unable to access the sites, it may be because of the region locking many of the financial institutions implement on their web sites.  You can bypass these by changing your IP address, like this one demonstrated in this article – Netflix blocking proxies.

The calculator can calculate your compound interests within minutes. Just input the variables and click the “calculate” button to get your result. It saves time and makes you know your account statement with ease. The variables to input include the principal, the interest rate, the number of years for the investment or transaction to mature and the number of times the compounding is done per year. The principal is the amount of money that is loaned or borrowed while the interest rate is expressed in percentage per year.

Compounding interest makes money grow at a fast rate.  The use of interest calculator  will help you make accurate calculations and prevent you from making losses whether you are borrowing or lending. Interest calculators are of various brands so it is important to test anyone you want to buy with simple variables.

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