Syosset Contract Lawyers
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Legal Services Offered by Our On-Demand Syosset Contract Attorneys
The Syosset contract attorneys & lawyers on UpCounsel are dedicated to helping businesses save time, money, and peace of mind with contract drafting and review, negotiations, litigation support, discovery, commercial business transactions, and more.
Our independent contract attorneys are available on-demand to provide contract legal services for businesses or to support your in-house general counsel to help lighten the load for transactional matters or litigation support.
Although the work of the Syosset contract attorneys found on UpCounsel often varies they are highly experienced in legal contract activities such as commercial contract negotiations, document review in response to document subpoenas, request for production of documents, legal research, draft legal briefs, along with providing a full range of other contract legal services to businesses of any size.
Improve Your Legal ROI with Affordable Contract Attorneys that service Syosset, NY.
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- 4 min read
Indemnification: What is it?
Indemnification means one party agrees to pay losses incurred by another to a third party.
For example, if you were a business owner selling Widget XYZ as an original design to a retailer, and your contract with the retailer contains an indemnity clause, you, rather than the retailer, would be responsible to pay the retailer’s legal costs and expenses if the retailer is sued by a third party who claims Widget XYZ is a copy of their product.
In most cases, the requirement to indemnify must be contained in a written contract between the parties. However, in some states parties may be required to pay for the losses of another in certain limited circumstances.
- 5 min read
What Is a Capital Call?
Capital calls are used to secure short-term funding on projects within private equity funds in order to cover the time between the financing agreement and the money received. It is a solution that is generally in place for 30-90 days. 90 days after the capital call, notice is given to the investors. Capital calls are generally sent via registered mail, but some funds use email, which is also acceptable.
Capital calls are considered to be short-term loans, ensuring the liquidity of the equity funds and securing ongoing revolving investment projects. Capital calls are secured against the fund's pledges for capital contributions, unfunded investor commitments, or granted by the fund through power of attorney. Capital calls need to be
- 5 min read
What Is a Condition Subsequent?
A condition subsequent (CS) is an exit clause from an existing contract. The agreement between parties includes language that frees one of them from the deal. This happens when a conditional outcome occurs. A CS relieves a party of all obligations.
What's the Purpose of a Condition Subsequent?
Think of a condition subsequent as an escape clause. It ends a party's contractual obligation. In contracts, all involved parties have certain responsibilities. The CS gives one party the ability to walk away from the promise to perform a duty.
A CS is a kind of insurance for one or more parties. It makes sure that one of the groups in the contract can leave when certain conditions are met.
Think of a contract as a series of promises. Everyone who signs the agreement must keep their promises. Sometimes, a
- 3 min read
Fully Diluted: What Is It?
Fully diluted shares are the total number of outstanding shares there would be if all convertible securities were converted to common stock. Fully diluted is one way of measuring how many shares a company has. It helps investors determine the value of the company. Common stock are the shares held by employees, managers, and shareholders who have voting rights in a company.
Fully diluted shares take many things into account. Preferred stock, for instance, is held by individuals who receive their dividends before everyone else. These people do not, however, have voting rights. However, if they have convertible preferred stock, they can turn it into common stock.
There are other convertible securities, as well. Stock options allow i
- 6 min read
Start-up companies often hope to attract employees and investors by offering them shares of stock in the company. There are several different types of stock, but the two most important are preferred stock and common stock. Founders and employees typically receive common stock. Investors usually receive preferred stock.
Companies may receive tax benefits if they issue both common and preferred stock.
What is Common Stock?
As the name suggests, common stock is the most common type of stock. When people think of "stocks," they are usually thinking of common stocks. Owners of common stock --
May be paid dividends, but that is not guaranteed