One common reason for business litigation is when contracts are breached. Some parties will try other steps before litigating. For instance, it could just be a communication issue, so they may reach out to the other party to find out if there is a problem. Even if...
It is common for people to feel eager about partnership opportunities as they develop a business plan together. In some cases, they let their excitement override their better judgment at the beginning of a partnership. Instead of protecting themselves, they rush...
When someone uses your trademark or other intellectual property (IP) without permission, the impact can be immediate and unsettling. You might notice lost sales, confused customers or damage to the reputation you worked so hard to build. If efforts to stop the...
A buy-sell agreement is a legally binding agreement between business owners that outlines what happens to a co-owner’s interests if they pass away, become incapacitated or exit the company. Think of it as a safety net for a smooth transition. Despite their importance,...
As a business owner, protecting your intellectual property is important to you. The IP that you control can help set your brand apart and give you an edge in the market. For many companies, the entire business revolves around a specific type of IP that helps them...
Starting a limited liability company (LLC) can be a great way to pursue your dream of setting up a business. This option offers benefits, but the most notable one is shielding your personal assets from your company’s liabilities. But here is the cold, hard truth: your...
In New York, majority owners of closely held corporations owe a fiduciary duty to minority shareholders. You may face situations where those in control use their power to push you out or strip your investment of its value. This practice, often called a "squeeze-out"...
When a dispute arises, you must preserve records that could serve as evidence. In New York, courts expect you to keep both paper and digital information once litigation is reasonably foreseeable. The duty to preserve evidence applies to emails, texts, financial...
Formal registration of intellectual property helps businesses protect valuable resources against misuse and infringement. Registering trademarks and copyrights can facilitate easier enforcement of intellectual property rights when a violation occurs. Typically, those...
Protecting intellectual property often requires formal federal registration. Each type of intellectual property has different rules in place. Companies can take steps to copyright creative works, patent new products and register unique trademarks. Trademarks are...