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...
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...
Whether you are starting a business in New York or have been in business for some time, there are many reasons that you need a strong intellectual property strategy. There are many different types of intellectual property that potentially affect your business. Some...
Your business is booming, leading you to dream about franchising. Franchising can be a great way to grow your business without having to have a direct hand in the day-to-day operations of each location -- just look at any successful fast-food restaurant or chain store...
There are several types of intellectual property, including patents, trademarks, copyrights and trade secrets. There are different levels of protection for each type. Intellectual property protection Patents protect inventions and are granted to inventors for a...
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...
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...
When a company has a trademark on a word, this doesn't necessarily mean it has exclusive rights to the word. It means it has exclusive rights to the word in certain contexts in the marketplace. This may seem like just a matter of semantics, but it has important...
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...
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...