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...
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...
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...
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
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...
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...
Handling contracts and business relationships in New York can be complex and confusing. Without strategic legal advice and intervention, you can quickly find yourself on the wrong side of a tort action or other legal issue. A common problem individuals and companies may contend with is tortious interference with a business relationship.
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.
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....
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...
