Building and growing a business is exciting and can be quite lucrative, but partnership disputes can hinder your success. When two business partners begin to strongly disagree — especially to the extent that they no longer trust each other — the survival of their company is immediately threatened.
Category: Commercial Litigation
Enforceability of Non-Compete Agreements
The New York commercial landscape is a battleground where business interests are fiercely contested. One protective measure that companies often utilize in this environment is the non-compete agreement. These agreements are clauses in employment contracts that restrict an employee from working in a similar profession or trade in competition against their...
What Makes a Contract Not Enforceable?
Although a contract is legally binding, both parties don’t always uphold their end of the bargain. Not only can circumstances change, but the terms of the agreement may not be fair or legal in the first place. These issues can lead a judge to decide not to enforce a contract.
What Is Tortious Interference in a Business Partnership?
When a business or person tries to economically injure a competitor by meddling with a contract or business relationship of the competitor, a claim for tortious interference may arise. However, not all forms of interference are actionable in New York. These are complicated cases that present a host of strategic and practical...
Why You Need a Non-Disclosure Agreement
Most companies can ill afford the damaging economic consequences of having their confidential business information revealed to the world, especially to their competitors. That’s where non-disclosure agreements (“NDAs”) come in. Although there are some limitations in New York, NDAs are an invaluable way of protecting businesses from harmful disclosure of confidential matters....
My Business Partner Is Suing Me. Now What?
Disputes between business partners are a common source of commercial litigation matters. When one partner sues another, the fight can get messy and become disruptive to business operations. Disagreements tend to occur during times when the business is underperforming. In many cases, the dispute is over a partner’s share of...
Understanding an Anticipatory Breach of Contract
After certain contracts are made, circumstances may arise that make it difficult or impossible for one of the parties to meet its obligations. The person or entity that is unable to fulfill its promise before performance is due may declare an intention not to perform under the contract. In essence, one side...
Contract Dispute Between Staten Island Yankees and the New York Yankees
Plaintiff Nostalgic Partners, LLC ("Nostalgic"), the owner of the Staten Island Yankees ("the SI Yankees"), commenced a lawsuit in the New York Commercial Division against the New York Yankees Partnership ("the Yankees"), various related Trusts ("the Trusts"), and The Office of the Commissioner...