When confidential information about your business lands in the wrong hands, it could spell doom or lead to massive losses. You may no longer have the competitive edge, as other parties could use that information to their advantage. This is where non-disclosure...
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Business Law
Preparing for a lawsuit against your business
If you are like most, you probably felt shocked to learn that someone filed a lawsuit against your business. Although your reaction is understandable, try to relax—business litigation against unsuspecting companies happens more often than you might think. Some people...
The importance of choosing the right business partner
Going into business is an exciting endeavor. While many people decide to forge this road alone, others realize the benefits of a partner. For one, partners bring a unique skill set to the table. Also, the business’s financial resources will be greater with two,...
What is the true value of your business?
If you've decided that it's time to sell your business, perhaps because you want to retire and don't have any heirs who wish to take over for you, you need to know what the actual value of that business is. There are a lot of different factors to consider, but you...
Can Artificial Intelligence (AI) lead to new forms of litigation for companies?
AI has already had an untold effect on a variety of industries. In the Human Resource (HR) arena alone, managers are using AI to help with the hiring process. AI is also doing job performance evaluations and deciding who qualifies for promotions -- and who gets a...
3 tips for handling disputes in the workplace
No matter what kind of business dispute you run into, it can be frustrating to know that you’re going to have to spend time and money handling a disagreement and lawsuit. Workplace disputes, in particular, can easily cause problems for a business owner. As someone...
How to avoid problems with spoliation of evidence
In any kind of civil ligation, evidence is the key to winning a case -- and that’s why there’s a rather lengthy discovery process that goes on in every business lawsuit. As a company, you never want to have to tell the court that evidence that’s being sought in...
The elements of a valid contract
Assuming that a contract is valid, its terms will usually be enforced by a New York judge. Generally speaking, a contract is deemed to be legitimate only if it is entered into freely by individuals who are of sound mind. Furthermore, some form of consideration must be...
How to resolve business partnership disputes
Many businesses throughout New York come from a partnership between multiple individuals. Unfortunately, the partners in a business may get into disputes, leading to potential business litigation that is stressful and overwhelming for all involved. There are several...
Reverse mergers: What exactly are they?
Owning your own business in New York can be a great venture to take on, and throughout your journey, you're likely to encounter several critical decision-making moments. One of the most common challenges, if your company grows large enough, is to conduct a reverse...