Unexpected events are now anticipated in business. To avoid contract disputes, agreements should contain force majeure clauses that address extraordinary events. Force majeure clause A force majeure clause identifies seriously unusual events that make contract...
Business Law
Jack Nicklaus wins partial victory in breach of contract suit
One of the most common causes of corporate lawsuits is the decision by the founder of a company to retire or pursue a different professional opportunity. Corporate founders often possess significant knowledge about the business and intellectual property of their...
How do I protect myself in commercial real estate transactions?
Commercial real estate transactions are complex and often involve significant risks and liabilities for the parties involved. Whether you are buying, selling, leasing or developing commercial property in New York, New York, you need to protect your legal interests and...
The easy and hard ways to resolve contract disputes
Let’s be honest. It’s frustrating when something interrupts the progress of a project right in the middle of it. That frustration is far more significant when the project is halted due to a contract dispute with a contractor. Contract disputes can be difficult to...
Freeze-outs in the business world and what the ousted can do
When it comes to relations between minority and majority shareholders in a close corporation, sometimes business gets personal. In what may be an unexpected move to the minority shareholder, the majority shareholders may amend bylaws in a way that “freezes out” the...
Lawsuit shows what happens when royalty contracts go awry
The estate of the late music legend Rick James is facing a lawsuit regarding unpaid royalties. The lawsuit alleges copyright infringement and breach of contract. The defendants claim James’ estate is profiting off their work. The lawsuit The alleged problem began when...
Using a buy-sell agreement to protect a small business
When two or more entrepreneurs decide to form a business, their heads are usually filled with optimistic fantasies about future profits. Rarely do the founders of a company presume that the business will fail or that an intractable dispute will threaten the existence...
What type of contract dispute do you need to address?
Contracts form the bedrock of many business relationships in New York. Vendors, suppliers, subcontractors—there is a different type of contract for any given relationship. Unfortunately, sometimes even the most carefully crafted contract isn’t enough to prevent...
Protect yourself and your business with a partnership agreement
Compared to forming certain types of business entities, such as a corporation or an LLC, it's relatively easy to form a partnership. Technically, any time two or more people decide to jointly manage a business and share its profits together, they are creating a...
NFL free agent alleges breach of contract against Nike
Celebrity lawsuits are always interesting as they often involve damages in the millions that we can only dream of. Football fans of Odell Beckham Jr. may be interested to learn that the NFL free agent is embroiled in a lawsuit with the sportswear company Nike,...