The discovery process stands as a critical juncture in the realm of business litigation. It wields significant influence over the parties involved. During the discovery phase, both parties exchange evidence, and it ultimately sculpts the trajectory of the litigation....
Business Law
So you’re bracing for a “deposition” – what exactly is that?
When businesses in New York get involved in business litigation, the decision-makers usually know that they may be in for a long slog to reach an end result in the case. And, between the start and the end of the case, there will likely be many steps to complete along...
What is the difference between a franchise and a startup?
If you are planning to own a business in New York, two of the most popular options are starting up a new business or purchasing a franchise. Understanding the practical differences between these choices is essential for making an informed decision tailored to your...
How assets and liabilities are split when a partnership dissolves
Partnerships can be a useful way to start and run a New York business. However, disagreements, disputes, retirements and the desire to move on might necessitate a dissolution of the partnership. Regardless of whether the end of the partnership is contentious or...
What should I do before closing my business?
There are several reasons you may need to dissolve your business and there are steps to consider before closing your doors. Business closing Depending on the business type and your industry, the steps may vary slightly but it is important to first check any legal...
Are non-compete clauses still legal in New York City?
If you are an employee or an employer in New York City, you may have encountered or used a non-compete clause in your employment contract. Non-compete clauses are often used to protect an employer’s trade secrets, confidential information or specialized skills that an...
Forming an LLC in New York
Getting a business idea down in writing is a big step to take for those wanting to start a business in New York. However, this is only just the beginning of the process. Once a business plan is in place, the business needs to be legally formed. But before you can move...
Is a merger a wise step for my business?
In New York, running a business is a daily grind whether it is a small, medium-sized or large business. It is imperative to stay one step ahead of the competition and understand when certain decisions are necessary to move forward and advance. Part of that is deciding...
New law will let employees retain their intellectual property
Disputes over intellectual property are becoming more and more common. With innovation being a key with running a successful business, it can be difficult for employees to formulate new creations while simultaneously worrying about whether they will benefit from it...
New York startups have to rely on credit agreements
It is a rare day when a person manages to save up all the money they need themselves to get their business idea off the ground. Even after the business opens, it can take several months before it starts to turn a profit. While the founders of the business may be able...