The Nevada Legislature recently passed Assembly Bill 73 (“AB 73”) during this year’s regular legislative session, aimed mitigating the use of artificial intelligence (“AI”) in political ads.
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Liquidated damages provisions are one of the most frequently negotiated in commercial agreements. When drafted correctly, they can provide certainty, risk allocation, and leverage. When drafted poorly, they can be struck down as unenforceable penalties.
Nevada is often viewed as one of the most business-friendly states in the country, particularly for limited liability companies. But that reputation can create a false sense of security.
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