No Written Operating Agreement? … Big Problem.

June 28, 2017

Sometimes when partners are starting up a business, they fail to follow corporate formalities.  Whether because of a lack of funds, lack of attention to detail, lack of time, lack of desire to crimp new business relationships or simply a lack of desire, corporate founders can fail to exercise various good corporate governance practices.  Written … Continue reading No Written Operating Agreement? … Big Problem.

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Frydman LLC Secures Multi-Million Dollar Recovery in Business Divorce Case

June 21, 2017

Frydman LLC recently secured a multi-million dollar recovery for our client in an arbitration claim against a former partner.  One of FLLC’s practice concentrations is “business divorces,” where one or more partners leave a company.  Our client was a 50/50 member with his business partner in a real estate development company in the New York … Continue reading Frydman LLC Secures Multi-Million Dollar Recovery in Business Divorce Case

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Contract Rights – Use ‘Em or Lose ‘Em

June 14, 2017

Oftentimes businesspeople sign a contract and put it in a drawer never to see the light of day again – unless a dispute arises.  Especially with long-term contracts, trying to informally work things out might be efficient from a business perspective at the time, but it can lead to waiver of important legal rights in … Continue reading Contract Rights – Use ‘Em or Lose ‘Em

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Just How Restrictive Are Restrictive Covenants?

June 7, 2017

Many employers and employees alike assume that a non-compete covenant in an employment agreement will be enforced without issue if an employee violates it. The reality, however, is far less certain. In New York, the general public policy favoring “robust and uninhibited competition” weighs “against sanctioning the loss of a man’s livelihood.” As such, New … Continue reading Just How Restrictive Are Restrictive Covenants?

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