Business Law

Friday, September 22, 2017

What Every NYC Employee Handbook Should Include

Why is it important to have an employee handbook?

Employee handbooks are not required under New York law, but having a comprehensive employee handbook is essential to the smooth operation of your business.  Employee handbooks define the parameters of your employer-employee relationship.  Laying out the basic rules and guidelines for employment will help to minimize the potential for future employment conflicts.

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Friday, August 18, 2017

Increasing the Enforceability of Your Non-Compete Agreement

What makes a non-compete agreement enforceable?

Non-competition agreements can offer your business vital protections.  A non-competition agreement places restrictions on the ability of employees to work for a competitor after terminating their employment with your company.  As business owners and entrepreneurs, you likely rely on non-compete clauses to ensure key employees do not join forces with competitors or start their own competing business.  However, you may be surprised to learn that your non-competition agreement may not be enforceable.

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Monday, July 17, 2017

Selling Your Small Business in New York

What steps should I take to prepare for the sale of my business?

Selling your small business can be a complex process.  It will require that you adequately prepare for the sale, select the right method for the transfer of your business, and determine whether it is the right time to sell.  A well prepared and executed sale can bring in tremendous financial rewards. Small business owners should enlist the assistance of an experienced

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Thursday, March 16, 2017

Drafting an Enforceable Non-Compete Agreement in New York

What requirements must a non-compete agreement meet to be enforceable in NYC?

Non-compete agreements can help employers to protect their trade secrets and keep employees from leaving to work for competitors. By signing a non-compete agreement, employees agree not to work for direct competitors or open a competing business for a specified period of time.  While non-compete agreements can prove essential for many New York City employers, they must be carefully drafted to avoid being struck down.  New York courts have been loath to enforce far-reaching non-compete agreements as they can have a detrimental effect on enterprise.  

Creating an Enforceable Non-Compete Agreement

New York City employers seeking to adopt a non-compete agreement should consult with an experienced Read more . . .

Tuesday, February 14, 2017

For Your Own Sake Don’t Do THIS to Your Employees

Dumb, dumb, dumb case from Idaho, reversed by the Ninth Circuit Court of Appeals.  You can find the case here:
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Monday, November 14, 2016

The Importance of Buy Sell Agreements for Entrepreneurs

How can a buy sell agreement protect my small business?

Entrepreneurs must navigate a number of challenges in order to achieve success in the marketplace. Along the way, it's important not to lose sight of the importance of buy sell agreement in protecting the business. The goal is to specify how the ownership interests will be redistributed in the event of a sudden or planned departure by one of the owners.

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