Contracts help to define a variety of different types of relationships, including many business relationships. As such, contracts set forth obligations and duties that the parties owe to one another and have mutually agreed upon. In general, a breach of contract is a...
Leading-Edge Legal Representation
Year: 2014
Reverse mergers in New York
Established private companies that are wishing to go public can often same significant time by using a reverse merger as opposed to making an initial public offering. An IPO can take months or years, while going public through a reverse merger can take as little as a...
Trade secret allegations among noted shoe designers
New York residents may be familiar with shoe designers Nike and Adidas, but they may be surprised to hear about allegations that former designers for Nike may have stolen commercial secrets. The three individuals accused were once senior footwear designers for Nike....
Repercussions of breaching a sales contract in New York
When a business and a customer execute a sales contract, the customer generally promises to pay a specific amount of money and the business agrees to deliver a service or product. Once the agreement is signed, the document then becomes legally binding. According to...
How new and growing businesses can use venture capital
New York City is home to a number of venture capital firms, and every year, they provide financing that allows entrepreneurs with innovative ideas to start or grow their businesses. This financing would usually be considered too risky for more conservative lenders,...
The elements of a business contract
This year, thousands of business contracts will be crafted and signed in New York. A contract is essential for protecting a business's interests. There are three essential steps for creating a business contract: identifying the intent, listing the main terms and...
Types of mergers in New York
Companies merge in order to achieve a variety of different results. Depending on the end goal, there are several different ways to categorize a merger. There are five main types of mergers. One type, conglomerate mergers, can further be described as pure or mixed....
Is my business eligible for a 7(a) Loan?
Small business owners in New York may be able to procure much-needed funds through a 7(a) loan guaranteed by the U.S. Small Business Administration. While each applicant is individually assessed, some general requirements apply. In order to qualify for a 7(a) loan,...
Setting up a business plan to attract capital
New York businesses enjoy a dazzling array of money-making opportunities. For entrepreneurs who are starting a new business and looking for outside capital, it may be wise to examine their business plan and optimize it for the purposes of attracting equity...
What are patents?
Patents are legal protections that give the inventors of intellectual property the right to keep others from misusing their property over a 20-year period from the application file date. Misuse means no one other than the inventors can manufacture, use, offer to sell...