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...
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...
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...
If you run a business in Tarrytown, New York, you may have heard of fidelity bonds and wondered if you need one. A fidelity bond is a type of insurance that protects your business from losses caused by dishonest or fraudulent acts of your employees. Fidelity bonds are...
Price-fixing occurs when competing businesses conspire to agree to sell the same products at the same price. Consumers expect that they will have a choice in what to buy based in part upon its price, which they expect to be influenced by supply and demand....
One of the main goals of most businesses is to have the potential to engage in business relations with other businesses, customers or third parties. Still, the business world can be cut-throat. Competition is fierce. However, when does mere competition cross the line...
Construction projects in New York and New Jersey can quickly go from straightforward to complex. With so many working parts and parties involved, it’s not uncommon to encounter difficulties. While some of these problems can easily be resolved, others evolve into major...
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...
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...
Whenever a business in Westchester County enters an agreement with another organization, the business should always think about how it will be sure that it will get paid for the goods or services it sells. After all, even in a strong economy, organizations fail or run...