Appeals, Contract Terms, Business Divorce

No Unforced Errors Please: “For Cause” Removal Provisions Mean What They Say and Say What They Mean

Farrell Fritz, P.C. on 3/10/2025

Not long ago, we wrote about the vital need for strict compliance with contractual options to buy or sell closely-held business equity interests. As we noted then, failure to strictly comply with any contractual conditions...more

Anti-Dissolution Provisions and Public Policy

Farrell Fritz, P.C. on 3/14/2022

In Congel v Malfitano, New York’s highest court wrote that business partners are free to include in partnership contracts practically “any agreement they wish,” including about “the means by which a partnership will dissolve,...more

LLC Survives Member’s Death. Dissolution Petition Doesn’t.

Farrell Fritz, P.C. on 11/18/2019

In 2018, two members of a realty holding LLC sought judicial dissolution based on the death of one of the other members. The operating agreement defines a member’s death as an event of “Dissociation.”...more

Operating Agreement Spawns Multiple Disputes Between 50/50 Members of Realty Holding LLC

Farrell Fritz, P.C. on 11/11/2019

330 West 85th Street is a prime location on Manhattan’s Upper West Side. At that address sits an elegant, pre-war, 48-unit rental apartment building known as The Rexmere. A 4th floor one-bedroom apartment currently is...more

Pave Paradise, Put Up a Purposeful Parking Lot

Farrell Fritz, P.C. on 9/9/2019

Parking lots breed partnership disputes. I’ve litigated them and I’ve written about them, most notably the Kassab saga. I suppose it’s the untapped development potential of parking lots, especially in flourishing downtown...more

Can an Arbitrator Order Extra-Judicial Dissolution?

Farrell Fritz, P.C. on 6/10/2019

Often business owners enter into arbitration agreements because they hope it will result in a speedier, less expensive resolution than litigation to disputes with their co-owners. ...more