To understand the course of events that may unfold when a contract or agreement is breached, readers of this blog should have a solid understanding of how a contract is formed. For a contract to be created, at least two parties must agree to the contract's terms. One...
Commercial Disputes
Unfair competition covers a multitude of bad business conduct
Like individuals, businesses can suffer harm and losses when they are victimized by other corporate entities. In New York, a business may claim that it has suffered from unfair competition practices if the actions of another organization resulted in the victim...
What is a fiduciary duty and how may it be breached?
Individuals may form partnerships and alliances as they see fit to serve their interests and advance their causes. Businesses may do the same thing, and, in New York, when a corporation places trust in a person or other business and that other party is aware of that...
New rule to prohibit mandatory arbitration in consumer banking
The Consumer Financial Protection Bureau has just made a new rule official that would prohibit mandatory arbitration clauses in consumer banking and financial services contracts. However, the official publication of the rule may merely serve to expose it to attack...