This week in New York Business Divorce, read how a New York LLC can successfully evade an arbitration provision in its own operating agreement.
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“Prevailing Party” Attorneys’ Fee Provisions
Contracts with “prevailing party” fee-shifting provisions offer the tantalizing, coveted prospect of the winner recovering attorneys’ fees from the loser in legal disputes over the contract’s breach. But when the parties bombard each other with legal claims, and neither recovers on much (or any) of them, the hard question of whether either side (or any side) “prevailed” can lead to years of litigation within litigation. Read more in this week’s New York Business Divorce.
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