Información legal
Design Services Agreement: Essential Protections and Legal Requirements
New York attorneys explain key strategies for a design services agreement:• A design services agreement should clearly define the scope of work, deliverables, project timeline, and compensation structure so both the designer and client understand expectations from the beginning.• Intellectual property provisions must specify whether the designer retains ownership or transfers full rights to the client after payment, preventing future disputes over design usage and licensing.• Well-drafted revision policies, termination clauses, and dispute resolution procedures help control scope changes, protect compensation, and provide clear steps if conflicts arise.A design services agreement establishes the terms and conditions between a designer or design firm and a client. This contract clarifies the scope of work, payment terms, intellectual property rights, and other critical provisions. In New York, design services agreements must comply with state contract law and professional standards to ensure both parties understand their obligations and rights.
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How Legal Structure Shapes Your Business Succession Planning Outcomes
Succession and Entity StructureA sole proprietorship does not have a succession path. It has an ending. There is no entity to transfer, contracts do not survive, and on the owner's death the business ceases to exist as a legal matter — the assets pass, the enterprise does not. New York has a real deadline, and it is not the one people worry about. The state's estate tax exclusion operates as a cliff. Exceed the threshold by a defined margin and the exclusion disappears entirely — not just for the excess. Estates a few percentage points apart can owe dramatically different amounts. Planning around that line is the most consequential number in most New York succession plans. The instinct to transfer early is often wrong. Assets held until death receive a basis step-up to fair market value. Gifted during life, they carry the owner's original basis to the recipient. Owners who transfer early to "get ahead of it" frequently hand their successors a tax bill they could have eliminated by doing nothing. For S corporations, the risk is disqualification. Shares that reach an ineligible holder — including most ordinary trusts — terminate the election. Succession plans that route stock through a trust need that trust to qualify as a QSST or ESBT before the transfer, not after. And check the buy-sell. Recent authority has changed how company-owned life insurance is treated in valuing a business for estate tax purposes. Redemption structures funded that way may no longer work as designed.
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Corporate Transfer in New York: Legal Requirements and Best Practices
A corporate transfer is the legal process of transferring business ownership, assets, shares, or operations through asset sales, stock sales, mergers, or reorganizations. A corporate transfer may involve board approval, shareholder consent, due diligence, regulatory compliance, and transaction agreements depending on the structure of the deal. Whether a corporate transfer is completed through an asset sale, stock sale, merger, or corporate reorganization, the parties must evaluate tax consequences, contractual obligations, and potential liabilities before closing. Understanding corporate transfer requirements helps businesses reduce risk, maintain compliance, and achieve a smoother ownership transition.
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How an M&A Specialist Guides Corporate Deals in New York
Navigating corporate acquisitions requires experienced legal guidance to protect business assets and minimize liability. Corporate buyers and sellers must structure deals carefully under applicable state laws to ensure smooth ownership transitions. Working with a dedicated M&A specialist helps organizations manage due diligence, negotiate key terms, and secure favorable contract provisions.
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Acquisition Agreement: Legal Framework, Key Terms, and Transaction Structure
Acquisition Agreement explains the legal framework, key contract terms, and transaction structure buyers and sellers should understand before completing a business acquisition. An Acquisition Agreement establishes the legal framework for transferring a business, assets, or ownership interests. A comprehensive Acquisition Agreement defines key transaction terms, representations and warranties, indemnification, closing conditions, and post-closing obligations. Understanding an Acquisition Agreement helps buyers and sellers allocate risk, improve transaction certainty, and reduce legal disputes throughout the acquisition process.
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Assignment and Assumption in Business Contracts: a Complete Legal Guide
Assignment and assumption is the legal framework for transferring contractual rights and obligations when businesses change hands or restructure. Nearly every significant business transaction involves transferring existing contracts. Without the right structure, both parties risk unintended liability. This guide covers how each mechanism works, when to use it, and how our attorneys help businesses execute contract transfers correctly.
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