Individuals in New York become guilty of breaching their fiduciary duties when the entity fails to take actions that represent the best interests of a client who placed their trust in the fiduciary. Business and commercial law recognizes a fiduciary duty whenever one...
If you're about to or have recently entered a business partnership in New York, you're likely thinking about the ways you can preserve that partnership for as long as possible. The reality is that some disputes are going to come up in business, no matter how strong...
Many New York residents who are interested in the latest electronic devices tuned in on Nov. 10 to watch Apple Inc.'s product announcement event. What they may not have known is that the event was held at the same time that a federal judge in California was making an...
For many people, the concept of entrepreneurship and owning a business is attractive. However, there are some things that would-be entrepreneurs need to consider before pursuing the dream of being their own boss. What type of business will it be? Deciding what type of...
In the United States, commercial contracts between two parties are generally settled using common law and state statutes. If two businesses are involved in a dispute over a contract, the dispute is usually resolved under the terms of the Uniform Commercial Code. Each...
Studies have shown that most business owners in New York and throughout the U.S. don't have succession plans in place. While some owners believe that it's too early to think about a succession plan, others feel that it's too much of a hassle. But it's important to...
Large corporations and entities operate like machines: they are established and work out long-term plans to continue their growth through changes in leadership. For massive businesses, the turnover of a leader may mean little to its daily operations. However, when a...
Business contracts are likely the most important documents a business owner rely on when running a business. Making sure the contracts are enforceable and have the key elements that pertain to your business will ensure that it is protected in the event of a contract...
Many people in New York have come to rely on their cars and vehicles. People drive them every day to get to work, go to the grocery store, go to restaurants, go to see friends and family, for entertainment purposes and other reasons. This means that there are many...
You draft business contracts to take advantage of opportunity and work with other professionals. Could the agreements you create become an unintended liability? Forbes explains several ways that entrepreneurs ruin their contracts with avoidable mistakes. If you have a...
