The MSP Law Podcast

It is not uncommon for Managed Service Providers or MSPs to be owned by multiple parties.  Normally, we see a technical person partner with a marketing and sales oriented individual.  They should have a buy - sell agreement.  Should it contain a "right of first refusal" or a "right of first offer?"  In today's MSP merger-mania environment, a right of first offer is probably the more fair method of resolving ownership succession.

Federal legislation passed at the end of 2019 known as the SECURE Act.  The new law provides Managed Service Providers or MSPs an opportunity to save money on retirement plans, obtain tax credits and offer benefits in order to be more competitive for prospective talent.

Most Managed Service Providers or MSPs have processes they use to serve customers. What happens if an employee leaves with the material?  What about a customer who hires the employee and gets the information? What about a customer using the information post-termination? You may have a common law trademark but without registering the material under the Copyright Act, you can't initiate suit.  If you want to immediately pursue your rights, listen to this episode.

Do you serve any customer, as an MSP, that qualifies as a financial institution.  Financial information collected, stored, managed or in any way monitored by banks, credit unions, pawn brokers, consumer credit companies, collection agencies, mortgage companies, financial advisers, real estate brokers or sales persons or any other company qualifying as a financial institution is subject to this federal law.