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...
Business Law
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...
What are some legal problems family businesses face?
To some extent, closely held businesses, including family businesses, can face the same legal problems as any other business organization. However, family businesses in New York City and the surrounding suburbs may more frequently run into legal problems related to...
Understanding real estate joint ventures
Many people are familiar with the real estate purchase process, either because they bought a home or a business. There is another type of real estate arrangement that they may be less familiar with, however, called a real estate joint venture. A real estate joint...
Understanding buy-sell agreements
If a person is new to business, they may not know what a buy-sell agreement is and how it applies to their operations. Buy-sell agreement overview A buy-sell agreement is sometimes also called a buyout agreement and it is used by business owners to plan for future...
Dissolving a business in New York
There are several reasons a business owner may need to dissolve their business, but they may not know how to go about it. There are financial, legal and operational items to consider. Reasons for dissolution Businesses commonly decide to dissolve due to financial...
Contract drafting should expect the unexpected
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...
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...