- You go to trial on behalf of your client, and win a hard fought victory: After a five-day jury trial, the jury returns a unanimous verdict in your client’s favor,
Liquidated Damages or Unenforceable Penalty?
Business Divorce and Restrictive Covenants
In this week’s New York Business Divorce, we take a foray into the law of employment and restrictive covenants inspired by a recent decision from New York County Commercial Division Justice Robert R. Reed rejecting a challenge to the enforceability of non-solicitation covenants in the limited partnership agreements of investment banking powerhouse Parella Weinberg Partners.
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Dissolution and Restrictive Covenants
Under the Mohawk Maintenance doctrine, named after a case decided by New York’s highest court, the seller of a business including its good will is under an implied covenant not to solicit the seller’s former customers. Yet to be decided by the same court, although it’s come close on a couple of occasions, is whether