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...
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Business Law
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...
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...