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...
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...
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...
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...
As a business owner, you want to stay out of the courtroom as much as possible. Litigating can lead to a number of difficult issues, including managing the expense of litigation and potentially losing business relationships. Sometimes litigation is necessary, but it...
Business partnerships, like any close relationship, aren’t always free from conflicts. When you’re working closely with another person or multiple people to keep your business running, it can be easy for emotions to run high – especially when money is on the line....
If you want to start a business in New York with one or more partners, you must decide what sort of legal entity to form. There are several different ways you may organize a business that has two or more partners. According to the New York Division of Small Business...
