Basic differences between a Franchise and a License Agreement

Franchise License Elements A Franchise, at its very basic state, has these elements:   Common   Brand   Common   Operating System AND   Payment   of either an initial fee or ongoing fees from Franchisee to Franchisor A License agreement is usually missing one of the...

Short Sales: they aren’t really that short!

A short sale is not always “short” in terms of how quickly they are processed. Many think that as an alternative to being foreclosed on, selling their home as a short sale is the quick and easy fix to a less than ideal situation. In reality, a short sale can take...

How to dissolve your DBA with New York State Department of State

At some point during the life cycle of owning your business, you may find that you no longer have use for the trade name (assumed name, DBA, or ‘doing business as’) that you registered with the New York Department of State (NYDOS), Division of Corporations. It may be...

Property Sales with Underground Oil and Gas Tanks

When the sale of property involves an underground fuel tank, the buyer should consider having the tank tested to avoid unknowingly taking on an environmental hazard that may require costly remediation. Many lenders or insurers will not enter the transaction unless a...