Consumer fraud is when an individual or entity employs deceptive business practices to cause a consumer to suffer personal or financial loss. The victims are consumers who genuinely believe they are participating in a legal business transaction when the reality is the...
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Business Law
What makes a contract enforceable?
Contracts serve as a guiding compass for business partnerships. Its terms and provisions articulate the roles, expectations and responsibilities of the parties involved. Yet, a contract needs more than just complex jargon and provisions to be enforceable. It must...
Have you been victimized by fraudulent misrepresentation?
You depend on your business contracts to be negotiated in good faith so that you can secure terms that are favorable to you and that clearly dictate your rights and obligations. Yet, all too often businesses are tricked into signing contracts that aren’t in their best...
Be aware of these four risks of starting a sole proprietorship
You have a lot of options when it comes to choosing a structure to support your new business. While each type has its own benefits, each also has drawbacks that may impact your business operations moving forward. To mitigate those risks as much as possible, you should...
What should a partnership agreement address?
Partnership agreements can be essential to maintain order within a business operating under two or more parties. This contract typically contains each party's ownership, responsibilities and management obligations. It can also include specific resolutions or...
Why you should not reuse a standard contract for all agreements
Operating a company can be overwhelming, especially if your business starts to pick up. With an increase in product or service demand, your business will also need to adjust. You may need to hire more employees, attract additional investors and update agreement terms...
How can you safely lay off staff?
If you are a business owner in New York right now, you might face some tough decisions, which may necessitate layoffs. One of the most painful decisions you can make is to lay off your staff. Laying off employees is not only emotionally challenging but also legally...
How contracts prevent problems
When it comes to potential legal concerns, it pays to be proactive. This is especially true when it comes to contracts, which commonly form the bedrock of any business relationship, be it between a company and vendors, suppliers, distributors and even customers....
What are the pros and cons of an LLC?
Business formation can help determine an owner’s success and resolve their potential problems. For example, there are business and commercial law advantages and disadvantages of establishing a limited liability company. LLCs An LLC is a business structure that has the...
Options for resolving your contract dispute
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...