A partner buyout can provide a practical way for a business owner to exit a partnership while allowing the remaining partners to continue operating the company. However, when disagreements arise over the terms, valuation, or execution of a buyout, they can quickly...
Liquidated damages clauses in contracts can provide businesses with greater certainty about the financial consequences of a breach. Rather than requiring a party to prove their losses after a breach occurs, a properly drafted liquidated damages clause establishes in...
When business owners can no longer work together or disagree about how the company should be operated, the company’s operations, assets, and longevity can be threatened. What begins as an internal conflict can quickly escalate into litigation involving claims of...
Disputes concerning ownership and control of a business can quickly become contentious between partners. One partner may claim a larger ownership interest than another partner recognizes. Or, a partner might attempt to remove another from the business, transfer...
Fraud can cause substantial financial harm to a business and undermine the relationships upon which the company’s success depends. In situations where a transaction was based on a material misrepresentation, important information was knowingly concealed, or another...
Financial transparency and responsible financial management are crucial to maintaining trust among business owners and ensuring a company's continued success. When those who are tasked with overseeing a company’s finances engage in misconduct, make questionable...
Business partnership disputes often arise when one partner withholds information about potential business opportunities from the company. In New York business litigation, these cases typically involve allegations that a partner failed to disclose a material...
Financial misconduct is one of the most common causes of business disputes among partners, shareholders, and LLC members in New York. Whether the issue involves the misuse of company funds, self-dealing, concealment of financial information, or unauthorized...
When business partners are able to work together effectively, they can help their company grow and achieve its financial objectives. However, disputes can arise when one partner exceeds the scope of their authority or takes actions without the required approval....
