New York companies and residents sign contracts all the time for many different things. Even if you’ve never owned a business, you’ve likely signed a contract when you rented an apartment, signed up for a cellphone service or hired someone to do work for you. When one...
Non-disclosure agreements, or NDAs, are contracts used to keep people from talking about the terms of a settlement. At other times, they're used by employers to ensure confidentiality is honored. In recent years, this has become a serious issue in New York State....
Partnerships are very common business entities throughout the state of New York. They vary significantly in size and scope, ranging from small family partnership businesses to large enterprises that combine the assets and business knowledge of multiple entrepreneurs....
In New York and around the country, the term “liquidated damages” often refers to an entire clause or section of a contract as well as the money involved. These are damages that a party who breaches a contract is required to pay when proving actual damages would be...
SOF, also known as the statute of frauds, is a legal concept pertaining to contracts that should be enforced in writing. The statute is for contracts for goods worth $500 or more and contracts for the sale of land. If you live in New York and need to know more about...
If your company is structured as a general partnership, your partner can sell his or her stake in the business without your consent. However, if this happens, you have the right to dissolve the partnership and ask a New York judge to oversee the distribution of the...
Conducting business in New York and many other states involves preparing and signing contracts. With so much time and effort getting put into creating a contract, it makes sense to ensure this document gets prepared correctly. Here are a few situations that would make...
New York residents sign terms and conditions agreements on a daily basis on the Internet that are required by many online services, and very few if any ever read exactly what is included in the language. In the case of Amazon, buried within their agreement is a clause...
Has the company you work for asked you to sign a non-compete agreement, even if you are a part-time employee? Many New York companies have started the practice for all kinds of fields, but you should think twice about putting your signature on the dotted line no...
As a New York business owner, you likely enter into various contracts every month. While most of the time these contracts are fulfilled without a problem, sometimes they may not be. Be able to identify an anticipatory breach of contract and knowing what to do can help...
