New York is a major center for business, and with business comes contracts. Contracts don't always work out perfectly, and resolving disputes when it comes to contracts is an important skill for all parties involved to minimize costs and avoid negative outcomes....
Contract Disputes
Specific performance is beneficial in contract disputes
A contract requires that both parties perform specific acts. When a contract is broken, fixing the problem is not as simple as making a monetary payment. In New York, there are certain situations when it's more worthwhile to seek a remedy known as specific...
Determining the best dispute resolution method
If you are a New York business owner, then you have probably dealt with some form of dispute at one point or another. The problem is that there are many different ways to deal with these disputes, and selecting the best one isn't always easy. If you've been facing...
What does bad faith involve?
Customers purchase insurance to protect and preserve their financial well-being. A New York jury might award the plaintiff a substantial sum if a business owner faces a significant liability claim. An insurance policy may provide a settlement that keeps the business...
What are your options for an anticipatory breach?
In New York, business contracts are being drawn up every day. These contracts help to protect the financial future of all parties involved. Unfortunately, sometimes one party cannot fulfill their responsibilities that are outlined in the contract. Understanding how to...
Damages in breach of contract lawsuits
Everyone doing business in New York understands the importance of contracts. This crucial document outlines the rights and responsibilities of each party in a business relationship. When one side doesn't live up to his or her end of the agreement, that can cause big...
How arbitration is different from litigation
Arbitration is a private dispute resolution process in which parties agree to resolve their claims before an arbitrator as part of a more informal process than litigating a matter in court. Parties in New York and other states should be aware of several important...
What is a business breach of contract?
In your life, you'll most likely become a party to a contract. Thus, you need to understand your role and the other party's role in the contract. Additionally, you'll need to comprehend the basics of the laws that cover contract breaches. In New York, there are...