During our weekly SoCal IP Institute meeting on Monday, March 26, 2012, we will have guest speakers Robert Wynner and Don Palazzo from Nevers, Palazzo, Maddux & Packard discussing Rule 3-300 of the California Rules of Professional Conduct: Avoiding Interests Adverse to a Client.
Rule 3-300 states:
A member shall not enter into a business transaction with a client; or knowingly acquire an ownership, possessory, security, or other pecuniary interest adverse to a client, unless each of the following requirements has been satisfied:
(A) The transaction or acquisition and its terms are fair and reasonable to the client and are fully disclosed and transmitted in writing to the client in a manner which should reasonably have been understood by the client; and
(B) The client is advised in writing that the client may seek the advice of an independent lawyer of the client’s choice and is given a reasonable opportunity to seek that advice; and
(C) The client thereafter consents in writing to the terms of the transaction or the terms of the acquisition.
All are invited to join us in our discussion during the SoCal IP Institute meeting on Monday, March 26, 2012 at Noon in our Westlake Village office. This activity is approved for 1 hour of Ethics credit for MCLE. If you will be joining us, please RSVP to Amanda Jones by 9 am Monday morning.