New York, NY
Business Lawyer at New York, NY
Practice Areas: Business, Intellectual Property, Internet
This is a basic contracts question. The minimum amount you refer to is called "consideration". Without consideration, a contract can be deemed...
Your question is difficult to answer in the abstract without the full details of the context, the transanction, the data, and the end goals. ...
Your question title suggests some practical knowledge about contract law. With a contract this vague as to key elements (description of item), you...
Starting a non-profit is a combination of filing for a not for profit corporation (there can be LLC's as well but they are rare for technical...
Many states require written operating agreements, irrespective of the number of members. However, based on Indiana law (see below), an operating...
Generally speaking, one does not "convert" a sole proprietorship into an LLC. Rather one forms an LLC anew and transfes the business assets...
You do not make clear whether there is a written partnership agreement in place or not. That should be the first place you look for an...
In the absence of a partnership agreement with clear exit mechanics, in most states the partners are then only left with the state law rules. ...
Generally speaking, accepting payments over the web is lawful in most states, under certain circumstances. However, you are entering a highly...
The answer to this question is a function of whether or not there was a deal (AND a written contract WITH IP LANGUAGE) in place that allows for...
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