Many seniors consider transferring their home to their children while they are still alive. They may fear losing the home if they need Medicaid or for other reasons so they give it to a family member with the view that they will remain in the house for the remainder...
These facts are amazingly common. Bob Buyer is purchasing a home and hires an attorney to prepare the contract of sale, review title and confirm no building violations exist. A few days before closing, Bob Buyer receives an email from his attorney’s verified email...
You hire an employee that used to work for a competitor only to find out too late that the employee is a spy stealing your business secrets to give to his “former” boss. Corporate espionage is nothing new, and in fact is prevalent in this day and age. Many businesses...
Many New York business disputes wind up in court. Most people do not think about which court is best for their business dispute, but it can make a significant difference in the time, cost, and expertise needed to favorably resolve your matter. In New York, business...
Every business owner faces internal struggles, but family-owned companies encounter some unique challenges, as they must balance business interests with their family relationships. Successful family businesses find that healthy balance by following these specific best...
Barnes & Barnes recently achieved an important victory in a case involving breach of a severance agreement. The client, a senior executive, is suing his former employer who refused to pay a six-figure severance despite the fact that the client complied with the...
The law regards certain relationships in business as ‘special’ because they involve a heightened level of trust or reliance of one party on another. These are known as ‘fiduciary’ relationships and include those between attorneys and clients, business partners,...
A “covenant not to compete,” or “non-competition” agreement is a common feature in many employment and buy-sell agreements. Such provisions restrict a person’s employment or business activities following termination of employment or the sale of a business. They are...
There are 5.5 million family businesses in the US and they generate 64% of our Gross Domestic Product (GDP). While many of these businesses find success and continue on for generations, others do not make it to the second generation. In many instances, family...
