If you have read our previous post regarding whether verbal agreements are enforceable , you know to be wary of any oral or �side� agreements that are not embodied in a final written document. Merger Clauses, very common in contracts, take it a step further. An example of a typical Merger Clause is: The terms […]
Today�s strong economy and recent tax overhaul may have you considering selling your business while prices are high. With a less restrictive tax code in place, the asking price for businesses could increase even more. Selling a business can be fraught with challenges, so it is important to have a plan to ensure that your […]
You might have heard that the Eastern Hills Mall in Clarence is considering the possibility of undergoing a significant renovation. As development in Western New York continues to surge, the Mall, a 20th Century concept, is positioned to either adapt with the times, or be a relic of the past. This blog post will explore […]
With the arrival of the new year come new year�s resolutions. Is this the year to satisfy that entrepreneurial desire to run your own business? But what if you don�t feel like starting from scratch? Purchasing an existing business can present less risk and provide more immediate returns than purchasing a start-up. And, now that […]
#1. Be Patient. Buying a home can be one of the most exciting and stressful times of your life. It is easy to become overwhelmed. Through it all, the most important thing to remember is to be patient. The average closing takes between 30-60 days from the signing of the contract to the closing table. […]
“Verbal agreements�aren’t worth the paper they’re printed on.” – Unknown Small business owners and entrepreneurs often rely upon “handshake” or verbal agreements to conduct business. But are those agreements really enforceable? The answer is it depends. Technically speaking, verbal agreements are enforceable in New York with certain exceptions as described by the Statute of Frauds. […]
Many people enter into contracts on a daily basis without realizing that they are in a legally binding agreement. To help the average person understand when they have a valid contract, we have set forth the elements of a contract below. There are four elements of a contract, in order to have a valid contract, […]
Non Compete or Non Competition Agreements are contracts that contain a restrictive covenant whereby an employee promises to refrain from competing against their employer for some period of time. Such agreements can be beneficial to both the employer and employee. Employers are likely to invest more in the training and development of the employee without […]