Summer 2005 Good Company e-Newsletter (Towers and Logo)

Featured Articles
Raising Seed Capital for Emerging Businesses
by Michael J. Drooff

Michael J. Drooff, Esquire

Emerging technology and other businesses require a substantial amount of capital to fund basic development work on a product. Once that development work is complete, a new infusion of capital is needed to test the product in market conditions and adapt its functionality to developing customer needs, before the emerging business can commence regular business operations. The capital that is used for these purposes is typically referred to as "seed capital." This article describes the sources of seed capital, the issues that will be raised by the potential investment of new funds at this critical time in the life of an emerging company, and what your counsel can do for you and your emerging business about them. [Contact Author]

Now It's Your Problem Too: Personal Liability Issues Faced by Supervisors
by Elizabeth A. Bailey and Sean M. Gorman

Elizabeth A. Bailey, Esquire

It is not uncommon for employers to be liable for conduct of their employees and representatives even if they were not aware of or officially endorse the conduct. Can executives, supervisors and managers also be individually liable? The simple answer: It depends. Generally, especially in the area of employment law, courts have held that a supervisor cannot be held individually liable for employment claims by employees or applicants. There are, however, cases where supervisors can be held individually liable for their employment decisions and therefore open to being responsible for damages and perhaps attorney’s fees and costs. This can be sobering news for supervisors, but it is also important for employers to review these matters. [Contact Authors]

Noncompetes Can Protect Your Company's "Goodwill"
by David W. McGrath and James P. Harris

David W. McGrath, Esquire

A recent court decision from the New Hampshire Supreme Court has continued the trend of recent years narrowing  the scope and reach of noncompetition and nonsolicit agreements but these agreements can still be useful to employers. They  can be an effective way to protect the company’s most important assets: its customers.  There are steps companies should take to draft or review and update their existing agreements. [Contact Authors]

Trademarks: If You Misuse Them, You Lose Them
by Douglas G. Verge

Douglas G. Verge, Esquire

In the fast-paced, media-based world in which we live, brand recognition is often the key to success in the commercial arena. Some businesses spend hundreds of thousands of dollars developing and promoting brands. The value of a company often lies in its trademarks – its brand recognition. Given the great value placed upon the development and promotion of a business’ trademarks, one would think that equal attention would be spent making sure they are used properly so they retain their value under the law -yet that often is not the case. The unfortunate and expensive result of such misuse may be the unintentional loss of rights in a valuable mark. Having trademark-use guidelines in place for company personnel to follow will help to assure that your valuable trademarks stay with you for years to come. [Contact Author]

Beware the Boilerplate
by Peter S. Cowan

Peter S. Cowan, Esquire

This article discusses certain provisions in commercial contracts that are often considered "customary" and "standard" -- and why such terms must always be understood and sometimes avoided. It highlights commonly-encountered terms and conditions of contracts that, in practice, have unintended consequences. [Contact Author]

New Medicare Prescription Drug Benefit Law's Effect Upon Your Health Plan
by Monica A. Ciolfi

Monica A. Ciolfi, Esquire The new Medicare prescription drug benefit becomes available to Medicare-eligible individuals on January 1, 2006.  If your company provides health benefits to retirees, you've probably already started making preparations.  However, even if your company doesn't provide retiree health benefits, you still have certain obligations under the new law if your health plan covers any employees who are over 65 or who have Medicare as primary or secondary coverage. [Contact Author] 
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Business Resources
Upcoming Events

12th Annual ABI Northeast Bankruptcy Conference
July 14-17, 2005
Cape Cod, MA
Conference Co-Chair: 
Bruce A. Harwood, SPB+G Manchester
Conference Co-Sponsor: Sheehan Phinney Bass + Green PA
To register, contact the American Bankruptcy Institute at 703.739.0800 or visit

Lorman Education Services - Payroll Seminar
Tuesday, July 19, 2005
8:30AM - 4:30PM
James P. Reidy, and Diana K. Wieland, SPB+G Manchester
The Highlander Inn
2 Highlander Way
Manchester, NH
For more information, contact 
Lorman Education Services at 1.888.678.5565 or visit

New Hampshire High Tech Council
"UK Comes to the Council" Networking Event
Tuesday, July 26, 2005
Pawtuckaway State Park
Nottingham, NH
For more information, contact the NH High Tech Council by visiting

NHHA and Foundation for Healthy Communities Annual Meeting
September 18-20, 2005
Mount Washington Resort
Bretton Woods, NH
Chairmans Reception Co-Sponsor: Sheehan Phinney Bass + Green PA
For more information contact Julie Osgood at 603.225.0900 or visit

New Hampshire International Trade Association
19th Annual World Trade Expo & Governors Conference on Trade
Tuesday, September 27, 2005
7:00AM - 4:00PM
Center of New Hampshire Radisson
700 Elm Street
Manchester, NH 03101
For more information call 603.475.1178 or visit

SPB+G's 2nd Annual Upper Valley Employment Law Update
Tuesday, September 27, 2005
James P. Reidy; Sean M. Gorman; Diana K. Wieland; Elizabeth A. Bailey; and David W. McGrath, SPB+G Manchester
Hanover Inn
Main Street
Hanover, NH
For more information contact 
Debra Piotrowski at or RSVP for this event

Firm News
Sheehan Phinney Bass + Green Attorneys Take Top 2005 Chambers USA Honors

Six attorneys with the law firm of Sheehan Phinney Bass + Green PA have been recognized with top honors in the 2005 Chambers USA America’s Leading Business Lawyers.

Following an eight-month canvas of United States law firms and individual attorneys by 40 full-time Chambers researchers, listings and rankings are based upon attorney and client interviews to obtain a view of which firms and attorneys are considered leaders in their fields.

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Good Company Archives
Greater Boston Special Edition
July 5, 2005
Vol. I, No. 1

Spring 2005
April 4, 2005
Vol. III, No. 2


Winter 2005
February 15, 2005
Vol. III, No. 1

Fall 2004
September 30, 2004
Vol. II, No. 4

Upper Valley Special Edition
July 17, 2004
Vol. I, No. 1

Summer 2004
June 30, 2004
Vol. II, No. 3

Spring 2004
March 30, 2004
Vol. II, No. 2

Winter 2004
January 2, 2004
Vol. II, No. 1

Fall 2003
September 30, 2003
Vol. I, No. 1

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