New York businesses can sue for unpaid invoices when a customer or client fails to pay within the timeframe required by a contract or when the law implies a duty to compensate for goods or services provided. The right time to file a lawsuit depends on payment terms, documentation, and whether...
Specific Performance vs. Money Damages: Enforcing Commercial Real Estate Contracts in Court
Commercial real estate transactions often involve complex agreements, sizable investments, and high stakes. When one party breaches a contract, the non-breaching party can pursue specific performance or seek monetary damages to resolve the dispute. These two legal remedies represent different approaches to enforcing an agreement, each with its own advantages and...
Navigating Breach of Non-Compete Agreements in New York
Non-compete agreements prevent employees from engaging in various competitive activities against their employer or former employer. Manhattan businesses are increasingly using these contracts to restrict all types of employees from competing with them. Although these agreements have grown in popularity, many New York courts are unwilling to enforce them against employees and...
How to Handle 50/50 Partnership Disputes in New York
Forming a partnership is an excellent way to combine the talent and resources of several different individuals into a single business enterprise. But despite the best of intentions, disputes sometimes arise between partners. When the split in disagreement is exactly 50/50, the problem may seem intractable.
The good news...
Intellectual Property and Contractual Disputes in Manhattan’s Tech Sector
Business in Manhattan’s tech sector takes place under the protection of various forms of intellectual property (IP) rights, such as patents, copyrights, trademarks, and trade secrets. Furthermore, companies and individuals working in the tech sector may enter contractual agreements to govern the use of IP. However, given the competitive nature of...
Sales Representation Agreements
Contracts are critical for good business in New York, and this is no less true for sales representatives. New York law requires companies that use commissioned salespersons to enter into written agreements that specify a number of key terms. If your business uses sales representatives, your understanding of these agreements could prove...
Top 5 Contract Dispute Issues Faced by Manhattan Businesses in 2024
Manhattan businesses can face a wide range of contractual disputes during their options. Here’s a rundown of the five most common disputes that New York businesses faced in 2024.
Breaches of ContractBreaches of contract rank among the top contract disputes that Manhattan businesses...
Payment Schedules, Rates, and Disputes
One of the key terms of a contract includes the payment rates and schedules. However, no matter how thoroughly parties negotiate payment, disputes can still arise, especially as the project scope changes or a contractor must put in more work than initially expected.
Understanding Payment Schedules
When Contracts Go Wrong in Manhattan’s Financial District
As one of the world’s hubs of commerce and finance, Manhattan’s Financial District runs on contractual agreements. When they’re drafted with careful consideration, these documents provide invaluable protections to their signers. But when they’re not, they can lead to potentially costly and acrimonious disputes. Let’s explore some of the common reasons contracts...
When Your Partner’s Actions Force Litigation
Partnerships can succeed in business when all partners work well together to achieve their company’s goals. However, a partner’s mismanagement or misconduct can lead you or your company to potentially damaging litigation. For example, a partner may breach their duties and obligations to their fellow partners or the business or cause...