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...
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Business Law
Should I include a partner in my new business?
The idea for a new business can come from anywhere. Like other entrepreneurs, you may have imagined your concept in your basement or garage, or it may have come from a conversation with a friend. As your company starts to take shape, you may think about the support...
Why would you consider selling business assets?
While you have spent years building your Brooklyn area business there is a chance that you have acquired many different business assets along the way. If you have many business assets, managing them can be time-consuming and complicated. Some of these business assets...
What damages are available to help with contract breaches?
Contract breaches can be disruptive operationally and financially and in other ways as well. For that reason, it is essential for businesses to be familiar with legal protections and remedies that can help them with their contract damages. Compensation options for...
What are the damages for breach of contract?
When a contract has been breached, it can result in extensive damages for a business or individual. For that reason, businesses impacted by a breach of contract should be familiar with the different types of damages that may be available in a dispute over breach of...
New York City enacts biometric privacy law
New technologies can expand business opportunities but may be abused. New York City enacted a new business and commercial law that prohibits commercial establishments from collecting facial scans, fingerprints and other biometric information to protect consumer...
Can a verbal promise be legally enforced?
Over the course of time, you can develop strong business relationships. This can give you a big advantage in the marketplace, giving you competitive edge over others in your field. But getting overly comfortable with those you do business with can lead to missteps...
Having a business and commercial law attorney on call is an asset
Owning and running a business has never been harder and more complicated. It seems like every day there is a new issue that pops up. Whether it is a new liability or funding concern, business owners likely wish they could pick up a help line to ask questions and get...
What should be stated in partnership agreements?
There many different businesses in Stanton Island that provide many different products and services for people and other businesses. These businesses vary in size as well. Some employ many people while others are run by just one person. Depending on the type of...
What options do you have if you want to incorporate?
If your business is high-risk, needs to raise funds or plans to “go public” it may make sense to incorporate. However, those in Staten Island looking to incorporate may have options on what type of corporate structure to choose. The following is a brief overview of...