Analysis • Advice • Advocacy
In many ways, a business partnership is similar to a marital relationship. People combine responsibilities and share risks. They also rely on one another for certain functions and mutually benefit from one another's success. Many people enter into business...
Businesses in the construction sector often hire independent professionals or small businesses for specialized services. Instead of offering a salaried position to a drywall finisher and a tile specialist, the company has a short list of qualified professionals or...
A real estate investment trust (REIT) allows investors to pool their capital and invest in real estate assets without directly purchasing properties. These entities are unique because they allow investors to benefit from real estate income without the hassle of...
Many entrepreneurs may not realize that just because their partnership is forged with the best intentions does not mean it will stand the test of time. The truth is that even the most promising partnerships can be marked by disagreements, challenges or unexpected...
Sometimes, siblings decide to start a business together because they assume that their pre-existing relationship reduces some of the risk inherent in a new business enterprise. Other times, siblings might jointly inherit a business from the estate of a parent or...
Commercial property landlords and real estate investors across New Jersey and New York are often eager to purchase low-priced properties. In recent years, office spaces, in particular, have dropped in value. This nationwide trend has hit the East Coast particularly...
Under New York’s Amended Wage Theft Law, subcontractor employees who are unpaid can recover those wages from the general contractor – and general contractors cannot contractually require subcontractors to waive this right. New York contractors face a greater liability...
The average business executes contracts with an assortment of different parties. It is necessary to sign a contract when hiring new workers, reaching agreements with vendors or hiring a contractor to provide services. Typically, organizations expect that the other...
Virtually every business partnership begins with a shared vision and the best intentions. Whether it's a creative venture, a technology startup or a small family business, partners often embark on their journey with optimism and trust. However, even the most...
In a commercial lease agreement, both the use clause and exclusive use clause are important provisions that define how the leased premises can be used and whether the tenant has exclusive rights to engage in specific activities. Due to their consequential natures,...