Buying or selling a property in New York, one of the most bustling real estate markets in the world, can be a daunting task. It involves navigating through a complex web of legal documents, with the real estate contract being one of the most crucial. In this blog post, we will explore the essential provisions...Read More

An easement grants a non-owner the right to use or access another person’s property for a specific purpose. This agreement allows for a limited use of the property without transferring ownership. The property that benefits from the easement is known as the dominant estate, while the property that serves the easement (i.e., the property over...Read More

Leaving a job can be a challenging and emotional process, especially if you have been there for quite some time. Whether you’re departing on amicable terms or facing an involuntary separation, it’s crucial to understand the ins and outs of your severance agreement. A severance agreement is a legally binding document that outlines the terms...Read More

In a recent turn of events, Governor Kathy Hochul has vetoed Senate Bill S3100A, which passed both houses of the legislature in June 2023, and this proposed bill sought to ban all non-compete agreements in the State of New York. The decision has sparked debates and raised questions about the balance between protecting businesses and...Read More

As the year draws to a close, it’s not just the festive season that should be on your mind, but also the ideal time to review your company’s employee handbook. This vital document serves as the DNA of your workplace, outlining expectations, procedures, and the culture you’re building. But why is an end-of-year review so...Read More

For the end of the year, we have decided to focus on our favorite tips and strategies for becoming a Healthy CEO.  I am sure that you have heard of the concept of “NO-vember”: the month when you start saying NO to things that drain your energy and YES to those empowering, energy fueling activities...Read More

On November 1, 2023, Governor Hocul signed a bill entitled the “Notary Bill” that eliminates the requirement that an affidavit be notarized in a civil case. The law goes into effect on January 1, 2024 and applies to all actions commenced on or after that date. The Notary Bill amends New York’s Civil Practice Law...Read More

An Asset Purchase Agreement (“APA”) is a legal document used when one company (the buyer) acquires the assets of another company (the seller). It outlines the terms and conditions of the sale, including the assets being transferred, the purchase price, representations and warranties, and various other provisions. Like any legal contract, there are potential pitfalls...Read More

On September 14, 2023, we published a blog post regarding the Real Property Condition Disclosure Statement in New York. On September 22, 2023, Governor Hochul signed legislation that struck the portion of the statute permitting a seller to give a purchaser a credit of $500.00 in lieu of the Real Property Condition Disclosure Statement. This...Read More

Rescinding a contract is a legal remedy recognized in the State of New York, allowing the parties to a contract to cancel or void the contract.  In effect, a rescission of a contract restores the parties to their pre-contract positions, as if the contract never existed or the transaction was never consummated. As with all...Read More