Whether you have been laid off, your employment has been terminated for another reason, or you have agreed to part ways with your employer, especially if you were in an executive position, there is a good chance you were presented with a severance agreement. A severance agreement normally has a provision that states that the...Read More

The New York Court of Appeals has long defined a partnership as “a contract of two or more persons, to place their money, effects, labor or skill, or some or all of them, in lawful commerce or business, and to divide the profits and bear the loss in certain proportions.” Pattison v. Blanchard, 5 N.Y.186 (N.Y....Read More

We cannot believe that we are heading into the fourth quarter of 2022. It feels like only yesterday that we were talking about the fourth quarter of 2021! We believe that the fourth quarter of the year is a great time to review several aspects of your business and to prepare for the start of...Read More

The doctrine of contra proferentem, which is Latin for “against the offeror,” promotes an essential legal concept: fairness.  The doctrine applies when the interpretation of a contract or contractual provision is at issue.  In practice, any ambiguities in a contract and its terms will be resolved contra proferentem, against the party who prepared or presented the contract...Read More

Selling a business can be a stressful event and there is a lot of negotiation that goes into it.  For purposes of this post, we will focus on negotiation of an asset purchase agreement, where the business sells most, or all, of its assets to a purchaser.  There are many important provisions in an asset...Read More