In New York, when parties to a potential business transaction enter into preliminary discussions about a merger or other project, they usually document their objectives and the characteristics of the proposed deal in a memorandum of understanding. Knowing when and why...
Year: 2023
What to know about small business loans
It isn't uncommon for businesses in New York to fund their operations by taking out loans. In some cases, these loans may be little more than unsecured credit cards or lines of credit secured by a home or other assets. However, your company may also qualify for...
The elements of a tortious interference claim
If you think your New York business has been wronged due to the malicious actions of another party, you may be able to pursue a tortious interference claim. However, in order to prevail, you must prove four elements: Existence of a valid business relationship or...
Beginners guide to quasi-contracts in New York
Contracts are legal documents that contain commitments and obligations that two or more parties agree to. Quasi-contracts, also known as implied contracts, are a special type of contract recognized by the New York legal system when no actual agreement exists between...
How mediation helps multiple parties resolve business disputes
In a perfect world, parties tied to contracts would always follow through on their promises. But as business professionals in New York and other states know, people and companies don't always agree. Most parties want disagreements resolved as amicably as possible when...
What is a unilateral contract, and is it safe?
Unilateral is a type of business contract that you could draft in New York. The parties entering a unilateral contract don't have to follow through unless one of them begins to complete the requested work. In a bilateral contract, the worker can't change their mind...
What are the different business structures for a company?
In the state of New York, there are several different business structures for entrepreneurs to choose from. Each structure operates differently under the law and produces different outcomes regarding administration, taxation and more. Take your time researching the...
What is a derivative action lawsuit?
Corporation shareholders in New York may file a derivative action lawsuit in the event of a breach of fiduciary duty or other wrongdoing within a corporation. The derivative action lawsuit is filed against a director or officer of a corporation, but the lawsuit is on...
Anticipatory breach resolutions in New York
If you have hired someone to do a job in New York, and they come to you before the expected completion date and tell you they will not complete their end of the deal, then you have an anticipatory breach. This type of breach differs from an express repudiation, which...
What nurses should know about medical malpractice
Nurses play an essential role in the New York healthcare system and are often on the front lines of patient care. While nurses are highly trained professionals, they can still be at risk for medical malpractice claims. Medical malpractice occurs when a healthcare...