Should your New York business agreement always be in writing? In general, the answer to this question is “yes.” However, there are specific rules to inform us when a type of contract must be in the written form. Read on to learn about when New York contracts are required to be in writing. The New […]
Read MoreIs a Reverse Mortgage Right for Me?
You’ve watching your favorite sports event or true crime series when you see a commercial encouraging you to get a reverse mortgage. If you’re near retirement age and own your home, you may consider this type of loan. Read on to learn about reverse mortgages and whether it is a good fit for you for […]
Read MoreHow to Pick a Good Trademark
Shakespeare once asked, “What’s in a name?” Well, to a business owner trying to select a trademark, it means a lot. It’s a very important decision because the chosen word, design, symbol, or phrase (that identifies the source of a company’s products or services) can be one of the most valuable assets that your company […]
Read MoreThings You Should Know about Making an Online Will
Writing a will helps you to control how your possessions are distributed after your death. While many will put off this important task, one way that isn’t as time-consuming is to complete the process online. Although one of the best things about creating your will online is that it’s convenient, it is more than just […]
Read MoreCommon Breaches in Real Estate Contracts
Real Estate Contracts: The Basics Being a party in a New York real estate contract can be a frustrating place to be because of all the complexities of the law that is involved. It can be even more frustrating if the other party doesn’t perform their contractual duties. Typically, when the buyer signs a residential […]
Read MoreWhat You Should Know about Relocation and Bankruptcy
Now that a new year has started, many take that as their cue for a new start. For some, this can mean a move to a new location. However, you don’t want to derail your economic situation by complicating an existing or upcoming bankruptcy filing. If you’re moving, or have recently moved and you need […]
Read MoreWhat You Should Know about Selling a House “As Is” in New York
Usually when you’re selling your home, you make repairs and improvements so that it is in the best condition to fetch the highest price possible. However, when you sell your house “as is,” you forgo those repairs and put your home on the market in its current condition, without negotiations with the buyer for any […]
Read MoreHow Does Covid-19 Affect IP Contracts?
The Covid-19 crisis has had a devastating impact on every pretty much industry. With businesses struggling to operate under the shadow of shelter-in-place orders, many parties are in the difficult position of not being able to meet their contractual obligations. The business entities that are experiencing this struggle are seeking solutions in their contracts and […]
Read MoreUnderstanding Partition Actions in New York
When people own property as tenants in common, they own it with other co-tenants and any one of them can force a partition (division) and sale of the property. For centuries, partition actions have had unfortunate consequences for many individuals trying to retain property. More recently, real estate investors used this tactic to their advantage […]
Read MoreHow to Execute a Tax-Free New York Real Estate Exchange
Generally, if you plan to make a real estate sale, you must deal with paying taxes. When the transaction involves investment property, you can be taxed on any profits (capital gains) that you’ve made on the sale. However, if you reinvest the money in a similar property within a certain time period, you can delay […]
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