When looking to open a restaurant in New York City, it is important to understand the differences between a lease and license. A lease gives the tenant exclusive rights to occupy and use the premises for an agreed-upon term, while a license grants limited access that does not create property rights. What is a Lease? Leases are binding agreements between…
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Generative Ai: Potential Legal Violations And Precautions To Avoid Them
Generative AI is a type of Artificial Intelligence (AI) that focuses on creating new data rather than recognizing patterns in existing data. This type of AI uses deep learning algorithms to generate content such as images, videos, audio, text, and other kinds of media based on certain parameters or conditions. Generative AI has the potential to create unique content from…
How NY Real Estate Attorneys can best assist NY Real Estate Brokers
New York real estate brokers rely heavily on the expertise and knowledge of New York real estate attorneys to help make the home-buying process as smooth as possible for their clients. Real estate attorneys possess a unique understanding of legal principles and how they relate to the transactions that take place in real estate deals, which can be invaluable for…
Digital Assets Regulation Remarks By Sec Commissioner Pierce
Six points to Consider before Investing & Trading in Cryptocurrency Throughout the years, SEC Commissioner Hester Pierce earned the nickname “crypto mom,” as one of the staunchest supporters of digital assets. Her recent statements at Duke Conference are particularly meaningful, especially considering the frosty 2022 from which the crypto industry is slowly coming out. Here are the most significant key…
Master Service Agreements
As a business, you want to make sure that you have all your bases covered. This includes having a master service agreement in place. A master service agreement is a contract between a company and its customers that outlines the terms and conditions of the services being provided. This agreement protects both parties involved and ensures that everyone is on…
The Federal Trade Commission (FTC) Proposed Ban on Non-Compete Clauses
The Federal Trade Commission (FTC) recently proposed a rule to ban non-compete clauses in employment agreements. This proposed rule has been met with mixed reactions, as this would have major implications for businesses of all sizes. Let’s explore what this could mean for businesses and their employees in the near future. What is a Non-Compete Clause? Non-compete clauses are found…
New Laws and Industry Trends to watch in 2023
Save Money and Avoid Penalties The last two years have brought major macroeconomic and geopolitical shocks (Covid-19, Inflation, Ukraine war) that deeply affected the growth plans of many small and medium businesses and made investors very risk-averse. The recession is still looming, but here are some of the trends that might be interesting for Cea Legal’s clients: New York Real…
The Financial Crimes Enforcement Network (FinCEN) has published another rule, implementing Section 6403 of the Corporate Transparency Act (CTA)
When you read news stories about financial crimes and business corruption, you might get the impression that businesses can get away with anything. It seems like banks will lend them huge sums of money after asking a few questions about what they will do with the money. A new federal law aims to increase business transparency by forcing the corporations…
EB-5 Reform and Integrity Act
What is an EB-5 Visa? The EB-5 visa category allows entrepreneurs to apply for a green card if they make a substantial investment in a commercial enterprise in the U.S., and plan to create or preserve ten permanent full-time jobs for qualified US workers. Immigrants can invest directly in a job-creating business, or they can invest through Regional Centers approved…
New York City’s Pay Transparency Law
What Companies Need to Know to Avoid Civil Penalties In its mission to assist businesses comply with multiple laws, regulations and guidelines, Cea Legal analyzed the requirements of the recently enacted New York City’s pay transparency law. The new law makes it illegal for a NYC-based company – with at least four employees or independent contractors – to advertise a…