Contracts are what keep your business running. New York business owners depend on contracts to ensure everyone understands their requirements and knows what they need to do. Almost every business owner faces a contract dispute at some point. When you find yourself in...
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Business Law
What types of contracts will your business need?
Planning is a crucial part of achieving business success. And that’s what a contract is: a plan. A contract plans out the obligations of the parties, who gets paid what, what happens if something goes wrong, where and how legal disputes will be resolved—and many other...
Understanding business contracts
If you are about to enter into a contract agreement, before anything else, it is important to understand exactly what a contract is and what makes it a binding document. The definition of a contract is that it is a legally binding agreement that two or more parties...
Can I license my intellectual property?
If you own a business, you have intellectual property. This is your brand, logos, technology, software, etc. And, once you have it established with patents, copyrights and trademarks, those assets can be monetized through licensing. However, whether to monetize your...
Why would I need a lawyer for a family business deal?
Many people on Staten Island do business with their family members or close friends. Some invest in a corporation, partnership or other business organization together. Many of the most successful businesses in the New York area are family-owned. However, family and...
Business litigation could empower a judge to take your business
Business litigation is scary. That is just a fact. But, one thing that makes business litigation truly scary for business owners is receivership. Though, many Staten Island, New York, business owners have never heard the term or know what it means to their business....
What needs to be considered in a partnership agreement?
There are many reasons why people may start a business using a partnership in New York. Each partner may bring a unique skill to the business or be able to attract unique clients and customers. It is important that each partner understands their responsibilities under...
What is a “material” breach of contract?
Contracts formalize a business arrangement between two parties. Purchase-and-sale agreements, service agreements and other business contracts require each party to agree to abide by the terms of the contract. For example, a manufacturer may agree to provide a certain...
What is the best structure for your business?
When people start a new company or business in New York, it can be an exciting time. However, people need to plan for many different aspects of the business. The people starting the business understand the product or service they are selling very well, but there is...
What makes a valid contract?
A contract breach can be a serious disruption for businesses which makes it helpful to understand what is considered a breach and what the remedies for a breach of contract are. To better understand that, it is helpful to understand what makes a contract valid in the...