A statute of limitations is a law that sets out the maximum amount of time that a party involved in a dispute has to commence legal proceedings against an opposing party. The limitation periods vary by jurisdiction and are applicable in civil and criminal cases. One major issue not addressed
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Ban on New York Evictions to continue into 2021
New York tenants are set to be handed a further lifeline, while many landlord and lenders are in great peril after New York City agreed to extend its ban on residential evictions. The New York Legislature passed a comprehensive anti-eviction law barring commercial and residential evictions. The bill blocks landlords
Continue readingDefamation Law: Twitter – New York Post Defamation Saga
The New York Post recently reported that a Delaware computer shop owner is taking on Twitter in a defamation lawsuit. The owner of the store, John Paul Mac Issac was forced to close his Mac Store in Willington Delaware after he was allegedly labelled as a hacker by Twitter’s content
Continue readingExecuting a Power of Attorney in New York?
Power of attorneys are necessary, in many cases, for individuals or businesses wishing to conduct business via a third party. Under § 5-1501 of New York General Obligations Law, a Power of Attorney is “a written document, other than a document referred to in section 5-1501C, by which a principal
Continue readingSelling Goods and Services to the NY Government: NY Procurement Law Basics
Opportunities abound for creative and street-smart business to sell services, goods, commodities and technology to NY agencies and municipalities. While, the myriad of laws and regulations seem overwhelming, with a local business-savvy street-smart guide, doing business with the New York State, New York City and other municipalities can be rewarding
Continue readingRaising Venture Capital for your Startup or Small Business
Even during a pandemic, the appeal of being your own boss or an entrepreneur never loses its luster. The United States, Asia and other markets have proven to be exciting and happy hunting grounds for companies to explore new funding opportunities, and the COVID-19 shutdown has presented plenty of opportunities
Continue readingEviction Moratorium on Commercial & Residential Rents set to continue in New York until 2021
The Big Apple continues to present new opportunities to both new entrepreneurs entering the market and the established players who continue to call New York City home. No one is denying that we are all doing it tough. Commercial tenants have been put through the wringer with mandatory enforced business
Continue readingInvalidation of Prenuptial Agreements in New York Leads to Equitable Division of Marital Property
In our previous article, we tackled the importance of engaging the service of an experienced New York lawyer in the drafting and execution of the prenuptial agreement. A prenuptial agreement may be a agreement that will not, only, save you money, but can also save your business. In this prior
Continue readingFree Initial Consultation with a New York Lawyer
Hayes & Simon, an international law firm, is offering a free initial consultation with an attorney in New York. Your legal consultation may be schedule at: Schedule a Call. The call shall be with, in most cases, New York Lawyer Sean Hayes. Hayes & Simon, P.C. Hayes & Simon professionals are internationally
Continue readingInternational Distribution Agreements: Selling your Products, Systems & Services Abroad via Distributors, Agents & Franchisees
Our attorneys at Hayes & Simon see too many international distribution agreements, agent agreements and franchise agreements that are mere spun U.S. or European distribution agreements. These agreements are utilized for matters concerning the distribution of a products, systems or services abroad and should be based, in most cases, based
Continue readingStarting Business in New York via a Joint Venture or Partnership Agreement?
Starting a business in New York can be enjoyable and profitable adventure if you get the business on the right track from the start. Often, companies choose to come together via a joint venture or partnership. With the present coronavirus shutdowns in New York, quality of life issues and New
Continue readingRestrictive Covenants in New York Franchise Agreements: Strategic Use of Restrictive Covenants by Franchisors
New York franchise agreements typically contain restrictive covenants against competition and/or a franchisee non-compete clause. Such provisions are meant to prevent franchisees, whom are granted rights by the franchisor to operate a business modeled on the Franchise Program from engaging in business activities in competition with the franchisor during or
Continue readingTermination of New York Commercial Leases based on Violation of New York Law
New York landlords may terminate a commercial lease agreement based on a tenant utilizing a leased premise for a violation of New York or U.S. Federal Law. A recent NY court holding leads credence to the understanding that even a single violation of law related directly to the illegal use
Continue readingBuying or Selling A Business in New York? Do Your “Due Diligence”
Before buying or selling a New Yorkbusiness, make sure you understand how to perform a “due diligence” for the business. This is essential for all businesses whether you are the buyer or a seller. A good motivated seller of a business will, usually, receive a better deal if pre-due diligence
Continue readingNew York Non-Compete Agreements
The validity of a non-compete agreement in New York is measured in light of relevant principles and the particular facts and circumstances surrounding your business. Non-compete clauses are commonly found in employment agreements across many industries regardless of size or products / services offered. Non-compete agreements impose restrictions on future
Continue readingFrustration of Purpose as a Tool to Avoid Contracts in New York: The BREXIT Fallout
We have clients that are supplying products to UK companies and UK companies that are being supplied products by U.S. companies. With the surprising outcome of the Brexit vote, the purpose of these agreements are now frustrated because, often, these products are used in finished products assembled in EU nations.
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Validity and Enforceability of Electronic Signatures in New York
Federal law governs, in most cases in New York, when the use of an electronic signature is valid and enforceable. The U.S. Electronic Signatures in Global and National Commerce Act (also called ESIGN Act) defines an electronic signature as “an electronic sound, symbol, or process attached to or logically associated
Continue readingWhen Must Your NY Business Agreements Be In Writing?
While it is always advisable to put all your New York business agreements in writing, there are special rules that govern whether a particular contract must be in writing. The following is the basics of the New York’s Statute of Frauds Sales of goods Like most states, sales transactions are
Continue readingPrivate Placement Memos Get Start-Ups Moving
Recently, I wrote about the two tools available to small businesses to stir interest and investment – the business plan and the private placement memorandum. Let’s focus on the private placement memorandum. A Private Placement Memorandum (or PPM for short) is a legal document that organized businesses provide to prospective
Continue readingEvery New York Business Owner Needs A Will
No one ever wants to think about it, but sooner or later we all meet our maker and before meeting your maker – have a will drafted that complies with New York law and your wishes. Small business owners especially need a will, as their businesses can suffer based on
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