07 July

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Fraud Inducement and Contracts

If the Court finds that Fraud occurred, they can then make the Contract voidable, releasing the Party from any obligation to it. In addition to invalidating the Contract, the Plaintiff may also seek monetary damages. If you are in need of legal assistance and would like to speak with an Attorney at Ross Pitcoff Law, call: (646) 386-0990, email: ross@rosspitcofflaw.com or visit our website: www.rosspitcofflaw.com today. We would be happy to assist. ...

07 July

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Partnership and Employment Agreements

Posted by Ross Pitcoff Law

in Contracts, Legal Advice

If there is no clear separation of responsibility among Partners, the conflict will inevitably arise as both Partners try to work on overlapping issues. Using Partnership and Employment Agreements, should help clarify among Partners, that they understand their rights and obligations within the Company Operations. If you are in need of legal assistance and would like to speak with an Attorney at Ross Pitcoff Law, call: (646) 386-0990, email: ross@rosspitcofflaw.com or visit our website: www.rosspitcofflaw.com today. We would be happy to assist. ...

06 July

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Creating Partnership Agreements

Posted by Ross Pitcoff Law

in Contracts, Legal Advice

When creating a Partnership Agreement, always hope for the best and plan for the worst. Have a detailed Operating Agreement but make sure it’s not too complicated. Otherwise, you’ll have to amend the Company Agreement when a simple resolution passed by the Board would have sufficed. If you are in need of legal assistance and would like to speak with an Attorney at Ross Pitcoff Law, call: (646) 386-0990, email: ross@rosspitcofflaw.com or visit our website: www.rosspitcofflaw.com today. We would be happy to assist you. ...

06 July

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Simplifying Contracts

Posted by Ross Pitcoff Law

in Contracts, Legal Advice

After the Vendor supplies the Contract(s), it is essential to always read the fine print. When it comes to contracts you should look out for items such as: Early Termination Fees, Interest Rates and more⁣. Contracts can feel very overwhelming, but they are essential to protect yourself and your organization. Any person you hire or retain to improve your business is a smart investment. If you are in need of legal assistance and would like to speak with an Attorney at Ross Pitcoff Law, call: (646) 386-0990, email: ross@rosspitcofflaw.com or visit our website: www.rosspitcofflaw.com today. We would be happy to assist you. ...

28 April

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Compromising Agreements

Posted by Ross Pitcoff Law

in Contracts, Legal Advice

Why a compromising agreement is the way to go. There is no point in demanding immediate payment in full if the customer cannot pay. Negotiating part payment and rescheduling the debt - confirmed in writing - can help you recover some of the money you are owed and improve the chances of maintaining a good relationship if the customer's problems are only temporary. A compromising agreement could allow for interest and enable you to avoid the effort and expense of taking further action. To learn more about compromising agreements, email: ross@rosspitcofflaw.com or call our office at: (646) 386-0990 to set up a consultation. ...

27 April

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Arbitration Process 101

Posted by Ross Pitcoff Law

in Contracts, Legal Advice

If you are a company that has a lot of eyes on you, you will want to have a properly drafted arbitration clause in all of your agreements. Why? Because litigation in court can be messy and is entirely public, meaning your lawsuit is accessible online and could even wind up in Google searches. Having a mandatory arbitration (or international arbitration) provision almost ensures that your matter will avoid the public court system and public relations nightmare that could ensue. Your next step will be working with a great law firm to get results in your dispute --Contact Ross Pitcoff Law today...

27 April

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Business Contract Tips

Posted by Ross Pitcoff Law

in Contracts, Legal Advice

In the event of a dispute, it may be advantageous to include a provision that requires the parties enter either mediation or arbitration, or both. Mediation is a voluntary process where both parties try to work out their issues directly, with the help of a neutral third party mediator. Any settlement must be approved by both parties. Arbitration is a more adversarial process where the arbitrator hears both sides' arguments and then makes a decision that both parties must abide by. It is akin to a trail setting, but the arbitration process is much quicker and cheaper than litigating in court. To speak...

26 April

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Liquidated Damages and Liquidated Damage Provisions

Posted by Ross Pitcoff Law

in Contracts, Legal Advice

Liquidated Damages are settled in advance by the contracting parties. If a contract contains a Liquidated Damage Provision, the amount of damages in case of a breach is specified or a method for determining damages is laid out. The benefit of such a provision is the ability to control risk exposure that is inherent in business law. To speak with a business lawyer today: email: ross@rosspitcofflaw.com or call: (646) 386-0990 to set-up a free consultation. ...

26 April

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Standard and Commercial Contract Terms

Posted by Ross Pitcoff Law

in Contracts, Legal Advice

Standard commercial contract terms are usually appropriate while selling goods or services that are the same, or very similar. For bespoke products or services that vary according to the job to be undertaken, such as some building services or software developments, you may need to negotiate a separate written 'trading' contract for each transaction. To learn more or to speak with a lawyer at Ross Pitcoff Law today, call our office at: (646) 386-0990 or email: ross@rosspitcofflaw.com ...

25 April

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Dispute Resolution Clauses

Posted by Ross Pitcoff Law

in Contracts, Legal Advice

Dispute resolution clauses are standard elements of commercial contracts. They come in many varieties such as: Arbitration and Jurisdiction. Arbitration clauses enable contracting parties to refer certain disputes to arbitration in the event of a dispute, avoiding the potentially higher cost of litigation and paving the way for effective enforcement under the statute and the New York Convention. Then we have Jurisdiction clauses, also called the choice of court clauses and various other names. They provide that litigation either must or may be heard in a particular court in the event of a dispute. To learn more about Dispute Resolution Clauses, feel free...