In a partnership buyout dispute, determining the value of the business is often the most contested issue. New York courts do not rely on a single valuation formula. Instead, they consider the partnership agreement, financial records, expert appraisals, and the specific facts of the dispute when determining the value of a...
Dissolution vs. Buyout: Choosing the Right Exit Strategy When a Partnership Falls Apart
When a business partnership breaks down, the two most common exit strategies are dissolution or a buyout. A buyout allows one owner to continue operating the business, while dissolution ends the partnership and winds up its affairs. Choosing the right option depends on the partnership agreement, the nature of the dispute,...
When Online Reviews Become Defamation Under New York Law
Online reviews become defamation under New York law when they contain false statements of fact that harm a reputation, rather than protected opinions. To be actionable, a review must assert a specific, provable falsehood, such as accusing a business of a crime or fabrication, rather than subjective dissatisfaction. However, New York’s expanded...
How Long Does a Civil Lawsuit Take? A Timeline of the Process
Life can be unpredictable, and sometimes disputes escalate to the point where filing a civil lawsuit becomes necessary. Whether you're dealing with a contract dispute, personal injury claim, or another civil matter, one of the most common questions is, "How long will this take?"
The litigation process can be...
Payment Disputes: Legal Options for Contractors in New York
When a contractor is not paid for completed work in New York, legal options may include filing a mechanic’s lien, pursuing a breach-of-contract claim, or resolving the dispute through mediation, arbitration, or litigation. The right approach depends on the contract terms, the amount owed, and how far the dispute has escalated. Acting...