Negotiating the sale or acquisition of a New York business requires covering a wide range of bases, including real estate, future liability and tax issues, intellectual property, and the roles of employees and managers. Such complex transactions require careful and extensive preparation, as the structure of the transaction could have far-reaching consequences.
The vast majority of business contracts don't have billion-dollar figures attached, but regardless of their scale, contract disputes generally share a common theme: broken promises.
When you start a new business, there may be a learning curve whose steepness depends on the kind of business you're in. Part of the excitement and fulfillment of a startup is the work that goes into treading new territory, but you also want to limit liability as much as possible. This is where covering your legal bases is important.