When a contract goes awry, the fallout is not just about hurt feelings and broken promises. It is about dollars and cents. The parties who enter a contractual arrangement expect each party to perform as specified within the agreement. A failure to do so can mean...
As a New York entrepreneur and business owner, contracts likely make up a large part of your life. It goes without saying that you should commit all of your business contracts to writing and have them signed by all parties. Written contracts are legal documents; a...
Few things are more challenging and stressful than buying or selling a business. After all, there is likely a substantial amount of money on the line. You do not have to leave the success of the deal to chance, however. A well-drafted letter of intent outlines the...
New York courts are very familiar with so-called "confessions of judgment." Reportedly, they approved such judgments in favor of lenders more than 11,000 times last year. That magnitude of use for this legal instrument has clearly troubled regulators and criminal...
Humans routinely converge in agreement on all sorts of matters. Indeed, coming together with some sort of unanimity is central to getting things done in just about any realm. And that includes business, of course, where agreements – often verbal, but cemented...
A breach of contract is a serious issue that can be detrimental to your business. Business owners in New York should understand the basic concepts of what constitutes a breach of contract and what remedies are available if a breach happens. Violating the terms of a...
There is a certain sense of accomplishment that comes with owning a business that has grown enough to need employees to get the work done. Of course, it can be difficult to give up some of the control over the process. However, when you can hire committed people to do...
There are a lot of challenges that come with starting and supporting a business. With so many moving pieces, there are any number of things that could go wrong and bring business to a halt. The financial piece is one that touches a lot of the other areas of the...
Partnerships can be a great way to start or grow a business. You find a great person who seems to have the same goals and visions. They also happen to have a lot of strengths in areas where you are either weak or less interested. It seems like the perfect match. Then...
A partnership can be a great way to start a business. Working with someone you know and trust on something you both have a vision for can be incredibly rewarding. Especially when those profits start coming in. What about when the business doesn't take off and there...
