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...
Peer-to-peer (P2P) software such as BitTorrent is becoming increasingly popular, especially among college students looking for a cost-effective way to share music, computer software and movies with one another. But P2P file sharing is not without risks. Wrongful use...
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...
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...
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...
Trade secrets are some of your most valuable intellectual properties. There are many things that constitute trade secrets, but generally, they are anything that has inherent economic value for your business. Your trade secrets can be your information, designs,...
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...
If you are in business, there is a very good chance that you have various contracts with other businesses. In the best of all possible worlds, everything runs smoothly according to the contract for the duration of the contract. However, that world is not necessarily...
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,...
When is a seltzer a beer? When does a license to use a trademark give someone free rein to do whatever they want with it? At first, these two questions appear to have little in common with each other, but they both come up in a legal dispute currently moving through...