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Licensing your company's trademark to another business can be a smart move. It can generate additional revenue, expand your brand's reach and introduce your products or services to new markets. However, there's a potential danger in giving another company permission...
Businesses must decide how to protect their ideas, products and methods. They can apply for a patent or keep valuable information secret. Patents offer legal protection for a limited time but require public disclosure. Trade secrets can last indefinitely if they meet...
Small and mid‑sized companies can face governance challenges that often escalate quickly when oversight is weak or not applied consistently. This can happen because business growth often outpaces internal controls, leaving the leadership vulnerable to operational...
Retail tenants in New York City face high operating costs, and their leases may include more than a fixed monthly rent. Percentage rent clauses require tenants to pay extra rent based on sales, which can increase rent costs and reduce profits. How percentage rent...
A good guy guaranty is a limited personal guarantee tied to a New York commercial lease. If you sign one, your liability does not necessarily last for the full lease term. The point when it ends depends on the language the parties negotiated. Understanding those...
Non-disclosure agreements play a pivotal role in mergers and acquisitions by allowing companies to share sensitive and confidential information. The type of information that parties need access to and the specific people who need that access change from the earliest...
A breach of fiduciary duty can cause serious problems for a business, especially when a partner prioritizes personal interests over the company's interests. Because such conduct can lead to financial losses and other business problems, companies should know how to...
Contractors and subcontractors play essential roles in commercial construction projects. Although most complete their work properly and comply with applicable building codes, mistakes and intentional shortcuts can result in failed inspections, stop-work orders, costly...
A major disruption can cost a large company far more than the direct damage. Lost income, broken contracts and cascading financial exposure follow quickly. When a carrier delays or denies a claim, the financial risk grows. Modern commercial claim denial tactics...
After filing a commercial insurance claim, a significant delay can disrupt the company’s operations. If the property has been damaged, it may be unusable, or operations may proceed at a substandard rate. As a result, the company is actively losing money until those...