Category: Contract Disputes

Types of entrepreneurs that can benefit from unilateral contracts

In the world of entrepreneurship, contracts are invaluable for securing and maintaining business relationships. A type of contract that can be especially useful for certain entrepreneurs is the unilateral contract. Unilateral contracts differ from bilateral contracts in that only one party makes a promise that requires performance by another party. This performance is optional, and

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Preventing contract disputes with suppliers

Suppliers serve a vital purpose in a business-to-business model. They sell products to other businesses for resale. An example would be supplying clothing to a retail store for resale. Such agreements between businesses usually involved contracts established under New York law. A contract breach could cause legal complications for everyone involved, so it may be

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What to know about small business loans

It isn’t uncommon for businesses in New York to fund their operations by taking out loans. In some cases, these loans may be little more than unsecured credit cards or lines of credit secured by a home or other assets. However, your company may also qualify for microloans or other lines of credit targeted at

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What is a unilateral contract, and is it safe?

Unilateral is a type of business contract that you could draft in New York. The parties entering a unilateral contract don’t have to follow through unless one of them begins to complete the requested work. In a bilateral contract, the worker can’t change their mind later because of contractual obligations. What is a unilateral contract

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