Sporting events such as baseball may be an enjoyable pastime for many New Yorkers. Baseball, however, is not immune to contract disputes. Understanding how to respond to a breach of contract can help better bring about a positive outcome for the parties involved.
New York contract disputes can be unnerving and may undermine a person's business. In the area of commercial real estate, there are, of course, a number of contracts and contractual relationships between parties. Contracts define the relationships, agreements, rights and obligations that may exist between parties related to the purchase or sale of property, closings, mortgages, refinancing, foreclosures and leases.
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 putting it in writing. The more clear and comprehensive the contract is, the less likely it is that there will be a contract dispute down the road.