Firm News

You’ve spent some of the best years of your life building your business from an energetic startup to a thriving enterprise with a trusted brand and loyal customer base. You don’t think a lot about what will happen to the company when you pass away, but perhaps that...

Between the cost of materials, personnel salaries, and miscellaneous expenses (both planned and unplanned), most construction projects cost millions of dollars to carry out. To acquire the necessary capital, the parties in charge of the project usually need to...

Most project owners use the traditional hard bid method to select contractors, especially if public projects are involved. You hire an architect, who designs the project. Then you advertise for contractor bids, with the lowest bid typically winning the project. While...

Your business has been doing so well that you hired a contractor to extend your storefront. A month into the project, however, everything started slowing down, and six weeks after being hired, your contractor stopped answering his phone. He vanished into thin air but...

The construction industry is generally regarded as one of the most contentious and conflict-ridden industries in the U.S. At one time, it was standard procedure for parties to litigate their disputes, which can be a long and costly means of resolving a difficult...

New York law requires every condominium unit made available by a sponsor or developer be subject to a construction warranty. Under the Housing Merchant Implied Warranty law, the following warranties must be provided for new units in multi-unit residences that are five...

You put a lot of time and effort into making your business the success it is today. Now you’re ready to retire or advance to the next stage in your entrepreneurial journey, but you want to ensure that the business is sold to someone who can take it to the next level....

Most people go to great lengths to reduce the amount of tax they have to pay. For those who invest in real estate, a 1031 exchange can be a valuable resource that allows them to increase their net worth without having to pay up to 35% in taxes. Named after Section...

A condo offering plan is similar to the prospectus for an initial bond or stock offering. It needs to be thorough and describe in detail every major aspect of a property that is being sold for the first time. The seller and listing agent are responsible for delivering...

For construction projects, the contract is literally the blueprint to success. If it is professionally drafted, clearly written, and fair to all parties involved, you’re generally all set. While claims and litigation are always a potential risk in construction law,...