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Articles Posted in Business Transactions

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Islamic Compliant Real Estate Mortgages and Loans in New York State

Observant Muslims in New York State who seek financing for the purchase of residential or commercial real estate may have issues with traditional mortgage loans. The reason for this is that, under traditional interpretations of Koranic law, the payment or receiving of interest is considered forbidden (“haram”). While a thorough…

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Real Estate Transactions and Specific Performance

A recent article in the Journal News discusses the sale of the Yonkers Polish Community Center to the Church of Jesus Christ of Latter Day Saints. As the author has enjoyed many events at this Center, and will certainly miss attending events if the center is sold, this article discusses…

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Professional Licensing and the Law in New York State

Our firm often interacts with other professionals, such as doctors, architects, and accountants, in the course of our practice. This can happen in several ways. The first is when such services are needed by our clients in the course of litigation. For example, an architect may be needed to evaluate…

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Corporations and Partnerships: Their Legal Effects

Our firm is often asked by clients who are purchasing real estate or starting a business what type of legal entity, if any, they should form to protect their interests. In order to insulate an individual from personal liability, a corporate or partnership should be formed. In addition, within these…

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Alex Rodriguez, the Yankees, and Employment Contract Law

Recently, there have been several news stories regarding Yankees’ superstar Alex Rodriguez and his contract. For those unfamiliar with the situation, Rodriguez, who has admitted using performance-enhancing drugs during his tenure with his former team, has been linked to a Florida company that allegedly supplied additional performance-enhancing substances in recent…

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Legal Issues Relating to the Sale of Businesses and Professional Practices

Our firm is often asked by clients to handle the purchase or sale of an ongoing business. This business may also be a professional practice, such as a pharmacy, or medical or dental office. There are many legal aspects of such a transaction, which will be discussed in this blog…

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