Filing a fidelity bond claim in New York can be complex. Here are some common hurdles you might encounter when filing fidelity bond claims and how you can overcome them. Establishing proof of loss One of the primary challenges in fidelity bond claims is establishing...
Commercial Disputes
How exclusive licensing agreements can violate antitrust laws
Exclusive licensing agreements give one company the sole right to use, make, or sell a product or service. These deals can be beneficial because they encourage the company to invest in marketing and development. However, if not handled carefully, they can also break...
How to identify and address minority shareholder oppression
As a shareholder in a business, you have invested your time, money and effort into the company. Thus, you expect a fair return on your investment. However, when the majority shareholders take advantage of their power, you might find yourself facing oppression. It is...
Fidelity bonds and their legal implications
Have you ever wondered about how businesses protect themselves? Fidelity bonds are one such safeguard. While beneficial to companies, they can also lead to complex legal situations, including litigation. Understanding fidelity bonds and why they might result in...
Key clauses to include in equipment lease agreements
Equipment leasing works best for businesses looking for an upgrade but do not want to pay the hefty upfront costs. This approach is often flexible and effective, but only if the lease agreements are well-crafted. So, to ensure a smooth leasing experience, including...
What issues should a shareholders’ agreement address?
Disputes can arise from anywhere in a business, posing varying threat levels to an organization. One of the most challenging dispute types is those arising from shareholder issues. They can happen because of complex and unique circumstances, often causing...
Understanding your collection rights as a creditor
Payment collection is rigorous process for creditors, especially since some situations require assertive negotiation and legal reliefs to secure claims and rights. Whether you are representing a credit union, bank, business or are an independent lender, it is...
The legal implications of owning a business
Businesses of all sizes face numerous challenges daily because of the different relationships that exist internally and externally. When you own a business, you must deal with all kinds of personalities: demanding clients, employees, vendors and even financial...
When does termination for convenience become inconvenient?
There can be several reasons to terminate a contract. In the U.S., one of these reasons is through a termination for convenience clause under the Federal Acquisition Regulation (FAR). The termination for convenience is a mechanism that allows the government to adapt...
What are my options if my vendor breaches our contract?
Companies enter into multiple agreements to adequately operate their business. Contracts with investors, vendors and employees are part of running the business. On that account, a breach in one of those contracts can interfere with business operations. Thus, it is...