International business transactions have become increasingly common in today's globalized economy. However, such transactions come with their own set of risks and challenges. Companies that engage in international business must be aware of these potential pitfalls and...
Business and Commercial Law
What should you consider when forming a business contract?
A business contract is formed when two or more parties agree on the terms of a transaction or exchange of services. There must be a clear offer, consideration and acceptance in order for a business contract to be valid. Here are a few things to consider when creating...
How do you explain employee raises?
As a business owner, you want to take great care of your employees and pay them their worth. To satisfy all workers in your company, you must share the news of a raise carefully. Chron explains how to tell your workers they got a raise. Learn how to communicate the...
Is intellectual property covered by common law?
As some of the most valuable assets of a company, intellectual property and branding are very important to a business. Residents of New York City and other nearby areas may want to learn more about whether intellectual property, or IP, is covered by common law....
Understanding the timeframe of copyright protection
Whenever you have an idea that you think may be worth something, it's important to secure proper copyright protection. While many people understand the concept of copyrighting an idea, far fewer are certain how to obtain this protection or how long it lasts. New York...
When is it right to trademark your business name?
Everyone has seen a trademark that distinguishes one product from another. This trademark consists of words, phrases, logos or designs that are unique, concise and easy to recognize from afar. The question is whether it is useful to trademark your business's name in...
Why you need a trademark for your small business
Starting a small business in Florida, California or any other state can be exciting and frightening at the same time. You have so many decisions to make, from the name of your company to a design for a logo that is simple yet recognizable. What you may not realize is...
How to handle a contract breach
Signing a contract gives your business rights and obligations. When the other party to the contract does not uphold their own duties, you can take the case to a New York court in a breach of contract action. First, it is necessary to understand what can be a breach of...
What are the remedies for an anticipatory breach of contract?
As you operate your New York business, a couple of your contracts might experience an anticipatory breach at some point. This type of breach happens when the other party states that they're unable to fulfill their contractual obligations before the contract expiration...
Do business partnerships inevitably fail?
Business partnerships in New York sometimes have a high level of risk involved and the partnership can eventually end due to conflicts that occur between both parties. The unspoken expectations that are present can lead to disappointment and discord. Some of the top...