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Epic Games's founder and CEO Tim Sweeney. Since 2015, Epic Games's founder and CEO Tim Sweeney had questioned the need for digital storefronts like Valve's Steam, Apple's App Store for iOS devices, and Google Play, to take a 30% revenue sharing cut, and argued that when accounting for current rates of content distribution and other factors needed, a revenue cut of 8% should be sufficient to ...
Epic had to pay Apple $3.65 million in breach-of-contract damages. (Apple also recently launched an attempt to claim over $73 million in legal fees stemming from the case, which Epic is furiously ...
An effective use of the corporation status over that of an individual employment contract, may minimise the corporation's taxable income to near zero, even in the case of a C corporation. The key benefits of creating a loan-out corporation business entity are expense deductions, asset protection and tax deferral.
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A loan shark is a person who offers loans at extremely high or illegal interest rates, has strict terms of collection, and generally operates outside the law, often using the threat of violence or other illegal, aggressive, and extortionate actions when seeking to enforce the satisfaction of the debt. [1]
Epic introduced cabined accounts intended for children in December 2022. These accounts have access to certain free games on the store, including Fortnite, Fall Guys, and Rocket League with limited gameplay features to provide a safe environment for children. These accounts also cannot purchase games without the authority of a parent's approval ...
Lending money to friends and family ranks among the most pernicious of relationship stressors. An unrepaid $100 here or there may only engender bad blood (or a write-off), but what about $8,000 ...
Loan agreements offered by regulated banks are different from those that are offered by finance companies in that banks receive a "banking charter" granted as a privilege and involving the "public trust". Loan agreements are usually in written form, but there is no legal reason why a loan agreement cannot be a purely oral contract (although ...