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

You are purchasing a property and have tendered your down payment check to the Seller’s attorney.  Your contract contains a mortgage contingency clause, which provides that, among other things, your obligation under the contract as a purchaser is conditional upon you obtaining a mortgage commitment within a certain time period.  The clause further states that,...Read More

As we have discussed previously here, there are so many moving parts when it comes to a real estate transaction, on both the buyer’s and seller’s side. There are certain tasks that each party has to complete in order to close a transaction and a team of professionals that is helping them complete each task....Read More

Amy and I (Laura) talk a lot about communication and how vital it is to our relationship with each other and our clients because its’ importance is something we have learned first hand throughout our careers. We have learned lessons about the importance of communication with clients, but we have also learned the importance of...Read More

Last fall, Laura and I had the privilege of presenting at the Small Business Summit for a marketing company that we have partnered with for over a year now. As lawyers, we were asked to present on the topic of the legal needs that businesses should consider when they are getting started. Given that Laura...Read More

In the past two years, our firm has represented eager homebuyers – many of them buying a home for the first time. It is an exciting, complex, and whirlwind time for a first-time homebuyer and for any buyer at that. The buyers must be in constant contact with their attorney, real estate agent, loan officer,...Read More