If you're a business co-owner, then you know that there are always risks associated with running your business. Your partner may leave the business, become incapacitated or die. This can leave you in a difficult position if you're not prepared. When these things...
New York businesses regularly enter into contracts, and they will face issues from time to time with respect to all parties fulfilling established obligations. Disputes can stem from potentially any type of business agreement. There are two primary options other than...
Residents and businesses in Syracuse and other nearby areas of New York State will want to know more about a recent bill that has the governor's signature. It is Assembly Bill A2202. This bill relates to contractors and subcontractors. According to legislators, this...
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...
