Due to limited supply and increasing demand, the stakes are high in the commercial real estate market on Long Island. But unfortunately, not every contract makes it to closing. There are a number of reasons a real estate deal might fall apart. Whether you’re a buyer...
Arbitration vs. Court: Resolving Real Estate Disputes in New York Efficiently
Commercial real estate disputes are not uncommon — and disagreements over contracts, landlord tenant matters, and construction can quickly escalate. Importantly, court isn’t the only option available to resolve these types of conflicts. In many cases, arbitration is...
Debtor vs. Creditor Claims: How a Long Island Attorney Can Help
If you own a business on Long Island, there will inevitably come a time when you need to collect on a debt — or defend against a creditor claim. Whether you’re owed money or owe it, a debtor/creditor dispute can have a significant impact on your cash flow, operations,...
Your Business Secrets Are Walking Out the Door: Legal Strategies to Enforce NDAs and Protect Confidential Information
Non-disclosure agreements — commonly referred to as “NDAs” — are crucial to safeguard sensitive business data. However, if these documents are not properly constructed or drafted to be enforceable, your proprietary information, client lists, marketing initiatives, and...
FAQs About Partition Lawsuits in New York: Common Concerns Answered
A partition action is a legal mechanism that can be used to resolve disputes between co-owners of a property when they cannot agree what to do with it. This type of lawsuit can be used in both commercial and residential real estate matters when there are...
Is Specific Performance the Best Legal Remedy for Your New York Real Estate Case?
Since no two pieces of real estate are identical, it can often be difficult to find a comparable property if a party backs out of a deal. In these situations, monetary damages may not be sufficient to compensate the party who was harmed by the other party’s breach....
Fiduciary Duties of Corporate Officers and Directors
The officers and directors of a corporation don’t only have decision-making authority — they carry fiduciary duties. In the corporate arena, a fiduciary duty is a legal obligation officers and directors have to the shareholders. Specifically, they have a duty to act...
When Business Partners Break Their Promises: Legal Strategies to Protect Your Company
In business partnerships, each partner owes the others a fiduciary duty. They have a legal obligation to act in good faith, with loyalty and care. However, business partners can sometimes break their promises to the company — and the other partners — by failing to...
Piercing the Corporate Veil: When Corporate Owners Can Be Held Liable
Piercing the corporate veil is an equitable remedy used in commercial litigation when fairness would not be achieved by allowing liability to rest solely with the corporation. Although corporations exist independently from their owners, personal liability can still be...