Businesses can live and die based on their reputations for abiding by their contracts. Nevertheless, there are constantly situations where businesses accuse one another of a breach of contract, whether due to negligence, malfeasance, or a simple misunderstanding. When that happens, there are a few possible ways to resolve the dispute. Continue reading “Four Ways to Resolve a Breach of Contract”
Tag: business contract
Are Arbitration Clauses Right For Your Small Business?
When contracting on behalf of your small business, it is important to identify whether you would like to include an arbitration clause. Many small business contracts include arbitration clauses that mandate all disputes arising out of the claim to be brought in arbitration rather than litigated in court. Before entering into a contract including an arbitration clause, or including one in a contract of your own, it is important to gain an understanding of the process. Continue reading “Are Arbitration Clauses Right For Your Small Business?”
What You Should Know Before Hiring an Intern
Whether or not an intern is paid is usually a deciding factor in considering hiring one. While many internships are not paid, labor laws usually allow the intern to work for college credit. However, there are restrictions to this exception. An internship must abide by specific criteria in order to be exempt from the Minimum Wage Act and Orders, which outlines New York’s laws regarding pay and overtime. In order to be exempt from this law, an intern cannot be considered an employee and an employment relationship cannot exist between the for-profit business and the intern. It can be determined that an employment relationship does not exist if the relationship meets all of the following criteria: Continue reading “What You Should Know Before Hiring an Intern”
New York City Sues Verizon in Contract Dispute
New York City’s continued wait for access to Verizon’s FiOS service has resulted in a lawsuit. Verizon promised the city in a 2008 contract to provide access to its fiber-optic FiOS service to all New York City residents by the year 2014. Three years later, Verizon has not come close to meeting the goal. The original contract was agreed upon by the parties in order to provide New York City residents more options for receiving affordable cable television service. Continue reading “New York City Sues Verizon in Contract Dispute”
