A business partnership can expand your opportunities for growth and success. Turning it into something sustainable requires careful planning and consistent effort. A formal legal agreement will reduce your risks substantially and allow you to clarify expectations...
What should be in a business plan?
Starting a business is an exciting time, but it is paramount that you begin the process on the right foot. One of the most important steps when creating a business is formulating your business plan. A good business plan will help you show lenders and investors that...
Coming to an agreement in contract disputes
Contracts help you outline agreements with other people and organizations. Sometimes, though, the terms of these contracts come into question. Sometimes, you might believe that someone is not holding up their end of your agreement. You might also need to defend...
3 tips to draft an enforceable non-compete agreement
Asking your employees to sign a non-compete agreement can help protect proprietary and confidential information. An employee who signs a non-compete agrees not to work for any of your competitors for a certain amount of time. According to the American Bar Association,...
Is mediation or arbitration right for you?
Though no one wants to deal with a business dispute, this is an inevitable possibility when dealing with other people in a business setting. If you do come across such issues, how can you cope with them? If you want to avoid litigation, what options are available?...
Common reasons for lawsuits against businesses in New York
Running a business can leave you vulnerable to a number of lawsuits. There is a lot to keep track of as an entrepreneur, and protecting yourself from liability should be a high priority for you. Here are three common reasons businesses face suits. 1. Breach of...
What role does a mediator play in your dispute?
Dealing with a dispute with a business partner can feel like an enormous struggle and an even bigger undertaking. This is especially true if parties jump to the conclusion that the only way to solve it is via litigation. Fortunately, other methods are available. One...
How do you know it’s time to break up with your business partner?
Starting your business with a friend or colleague can give you the emotional support of working with someone familiar while adding an extra person to support your new company. Initially, the novelty of starting a business can help you both overlook some of the...
3 methods of resolving business disputes
When disagreements arise between colleagues, clients, business partners or others involved in business relationships, they have the potential to take time and funds away from the day-to-day operations of the business. However, New York business owners may be able to...
How can you nip contract disputes in the bud?
Contracts provide a crucial service to businesses across the state. Without them, you could not protect your assets and business in the event that a new partnership or employee goes south. Though contract disputes sometimes happen even despite our best efforts, it is...