In Manhattan Chrystie St. Dev. Fund LLC v. Witkoff Group LLC (2023 NY Slip Op 50622(U), 2023 N.Y. Misc. LEXIS 3056), a New York trial court analyzed the meaning of the term "willful misconduct" in a commercial contract (specifically, a guaranty) governed by Delaware law.
The trial court generally...
https://www.abajournal.com/news/article/175m-suit-accuses-biglaw-firm-of-critical-drafting-errors-and-sloppy-and-imprecise-contract-language
***This blog posting is one in a series that we anticipate posting specifically regarding the importance of spending additional time to carefully review and to write--with precision--the various clauses in business documents in general, and specifically in contracts.***
In FFS Data Corp. v. The OLB...
In BRL Hampton Rd. LLC v Ashley Heather, et. al., 2022 NY Slip Op 30039(U), the Court granted summary judgment against the party that defaulted on a construction loan even though the lender failed to conduct due diligence, was aware of the risks with a startup, and was the one who offered...
Hyperlink to the following URL for the full article:
https://businesslawtoday.org/2021/07/stocked-up-how-startups-and-emerging-companies-can-effectively-utilize-options-to-attract-and-retain-talent/
Click here to be linked to the contents of this article.
In Capin & Assoc., Inc. v. Herskovitz, 2021 NY Slip Op. 03249, the Court held that a broker was not entitled to a sales commission because Defendant used another brokerage firm to make an offer, enter into negotiations, conduct due diligence, and close the transaction. Accordingly, the Plaintiff...
Debt financing is the process of borrowing money from an outside source to continue operating a business. After taking out a business loan, a business owner must pay back the principal amount plus interest. In this article, we examine the advantages and disadvantages of debt financing.
Advantages of Debt...Click here to link to the article.
