In the past, some business contracts would include noncompete clauses. Employees who signed these would give up their right to work for the competition. If an employee quits their job, they may not be allowed to work for a competing company in the same area or for a...
Contract Disputes
Contract disputes may involve deadlines
There are numerous reasons for contract disputes between business owners. Maybe the promised goods and services were never delivered. Maybe proper payment wasn’t made. Maybe there was a material breach, such as the wrong parts or materials being delivered at the...
What is specific performance in a contract dispute?
Contracts are designed to protect everybody involved in a transaction. After all, they define each party’s rights, expectations and obligations under the agreement. When a breach of contract does occur, the “cure” or remedy is usually calculated in dollars and cents....
How to minimize the risk of a contract dispute
Businesses and individuals enter into thousands of contracts in New York each year. And while most contracts are satisfactory for both parties, a sizeable minority result in some form of contract dispute. Contract disputes can be costly and time-consuming, and even...
Preventing contract disputes with suppliers
Suppliers serve a vital purpose in a business-to-business model. They sell products to other businesses for resale. An example would be supplying clothing to a retail store for resale. Such agreements between businesses usually involved contracts established under New...
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...
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...
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...