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.
You may not think that the mattress industry could cause such newsworthy stories, it did just that. Tempur Sealy, the easily-recognized mattress brand known for the Sealy Posturepedic, announced at the end of January that it would be cutting ties with Mattress Firm, a retailing giant in the mattress industry. The two parties were locked in a dispute over how to extend the contracts they had together. Unable to reach agreement, the parties announced they will be terminating those contracts.
NBC Universal and Charter Communications are currently engaged in a contract dispute over how Charter will carry NBC Universal channels going forward. They extended negotiations past a Jan. 1 deadline to try to work out a deal, but it appears that neither side is budging at the moment. Charter is also in hot water with Fox News, which filed a lawsuit against Charter in July 2016. The lawsuit alleges that Charter illegally tried to secure Fox News programming at a lower rate.