New York courts are veryfamiliar with so-called "confessions of judgment." Reportedly, they approved such judgments in favor of lenders more than 11,000 times last year.
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.
A recent business story focused on a key employee's departure from one mega-retailer to work for its biggest rival underscores the divergent goals and interests of three separate parties.
Employers of every size and type in New York City and across the state focus strongly upon the agreements they execute with workers, especially key employees.
Business school examples of companies' merger-acquisition outcomes that were marked by strong success often stress methodical preparation and comprehensive application across a universe of relevant considerations.
You have an implacable problem with a business partner that has become detrimental to your company's operations. It is optimal to resolve that dispute via arbitration rather than through formal litigation, right?
Business principals contracting with other commercial entities obviously work hard to get things right when they engage in sophisticated transactions. In New York and across the NYC metro area, there is a lot at stake for business actors seeking to prosper in a complex and ultra-competitive corporate environment.
New York City readers may be aware of the current challenges Spectrum—formerly known as Charter Communications—is facing here locally. For those who haven’t heard, Spectrum is currently working through a worker strike, and even facing potential threats to its franchise in New York City.
For businesses, coming up with effective ways to protect valuable information and property from competitors is important to ensure the success of the business. There are a variety of ways to do this, including intellectual property protections and trade secret enforcement. Another way to do this is through restrictive covenants.
Business relationships are built and protected with contracts. These legal agreements ensure that two parties are on the same page with regard to matters like performance, security, payment and expectations.