When things go as expected, equipment leases can be beneficial for all parties involved. For a New York area business, an equipment lease can offer some financial benefits. These benefits include predictability of payments, not having to pay for repairs and being able...
Commercial Disputes
Addressing potential disputes in your shareholders’ agreement
A shareholders’ dispute can cause business operations to grind to a halt. Disputes can be costly both in time and money, and can lead to full-blown litigation. You can try to prevent such disputes from arising by including the following three clauses in your...
Be prepared for possible flooding
Flood Safety Awareness Week was recently observed across the nation and residents are impelled to do everything possible to prepare for a flooding event, which can easily impact their homes and the surrounding area in which they live. Across the United States, this is...
The right approach to commercial disputes
Most businesses prioritize running smoothly. However, for businesses large and small, litigation over commercial disputes can oftentimes seem inevitable. These disputes can be extremely disruptive for a business, siphoning time and resources from a company’s ability...
The right business corporation can help avoid commercial disputes
For business owners, if one is successful, commercial disputes and litigation are just a fact of life. At some point, a commercial dispute will happen, and depending on how it is handled, it could lead to litigation. Though, what some business owners may not realize...
What is a fidelity bond and why might it cause litigation?
The term fidelity bond often refers to a type of insurance policy that many companies will carry. The term can also refer to a type of surety bond. No matter how one uses the term, companies that carry fidelity bonds are often in lines of business that require a...
How may a company considering bankruptcy avoid a creditors’ vote?
As a creditor, you or your organization may receive a request from a troubled business to consider a change to a prior contractual arrangement. If a business can show it has an ability to recover, it may ask that you consider its request as an alternative to filing...
Franchise agreements and the possibility of uncertain terms
Franchise agreements typically contain provisions business owners must follow to maintain consistency with the corporation's brand. Terms may outline how a company requires franchisees to uphold its operating strategy and sell products or services. Contracts include...
What are some benefits of filing a shareholder dispute?
If you experience a financial loss because of a company's breach of duty to its shareholders, you may file a legal action. Whether you own shares in a private or publicly traded enterprise, the outcome may result in a company changing its directors, management or...
What are the considerations for breach of contract?
A breach of contract involves one of the parties to the agreement doing something to break the terms. To prove a breach of contract, you must have proof that a breach exists. According to the University of New Mexico, to win a breach of contract case, you must prove...
