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When your business enters into an agreement with another business, you both have obligations you must uphold. Even if you make good on your end, the other business may not provide the services or goods they promised. In this case, their actions constitute a breach of...
When a Manhattan business owner decides to sell their business, or alternatively, if they decide to purchase another business, there are a number of ways such a deal could be structured. One way is the purchase and sale of a company's stock. Another way is an asset...
Whether it is in a major deal or the normal course of business, companies enter into contract on a frequent basis. These contracts serve as an agreement between two or more parties. This agreement outlines the duties of each party. The ultimate goal of a contract is...
In a prior blog post, we discussed how offer and acceptance is a key component of almost all legally enforceable New York contracts. In this blog post, we will discuss another key component: consideration. Consideration is defined as a benefit one party to a contract...
The contract is one of the fundamental concepts of business law in New York. Most businesses here make contracts and fulfill their terms in pursuit of success. If contracts are breached, there usually is some negotiation between the parties. If this negotiation isn't...
What started as a business-to-business contract in 2013, ended as an intellectual property infringement case filed in 2015 and settled finally in 2018. The owner of Grumpy Cat brand joined forces with a coffee maker called Grenade Beverage for a limited product...
Copyright issues span a gamut of scenarios brought before the court in an effort to assign and protect authorship. With society utilizing more technology and creativity in its pursuits, there is often collaboration between humans and non-humans to produce a final...
When a business in New York enters into a contract with another party, the business seeks to secure either goods or services in exchange for providing the other entity with compensation. This generalized statement covers the foundational elements of creating a...
One of the most basic rules of law is that parties must do what they agreed to do in a contract. This rule allows business relationships to work smoothly in Manhattan and elsewhere. While most people do this most of the time, sometimes parties don't do what they...
Commercial real estate is big business in the Big Apple. And, like many business matters, contracts largely govern the way commercial real estate is done in Manhattan. This means that the resolution of a real estate brokerage commission dispute will very likely depend...
