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Posts tagged "Business & Commercial Law Litigation"

Situations that can qualify as triggering events

Many New York companies employ a buy-sell agreement to sell a person's ownership share of a business to another partner or to shareholders in the event the owner can no longer function as an active participant in the company. The key to activating a buy-sell action is a triggering event. Any buy-sell agreement should clearly spell out what the company considers to be a triggering event so there is no doubt that the sale of ownership can take place.

What to consider putting into your non-disclosure agreement

Non-disclosure agreements, when they work, help form a shield around your New York company's sensitive information and prevent your workers from giving the information out to competitors and also prevent unfair competition from the use of your own company's documents. However, if you do not spell out certain provisions before your workers sign your NDA, you might find your agreement is harder to enforce.

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