FRYDMAN LLC BLOG

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FRYDMAN LLC BLOG

NO WRITTEN OPERATING AGREEMENT? … BIG PROBLEM.

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...

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CONTRACT RIGHTS – USE ‘EM OR LOSE ‘EM

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...

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JUST HOW RESTRICTIVE ARE RESTRICTIVE COVENANTS?

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...

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