You run a Brooklyn manufacturing business. Your largest customer — a Manhattan retailer with a five-year, $8 million supply contract — just shorted you on a $200,000 payment and is two weeks late on another. You're tempted to halt production, cancel future shipments, and sue. But here's the trap: if a New York judge later decides those breaches weren't material, you become the breaching party. You lose your damages claim, you owe their damages, and you forfeit any attorney-fe
In commercial transactions, disputes can arise when goods delivered by a seller do not meet the contract requirements. The Seller's Right to Cure Under NY UCC allows sellers to correct certain problems with non-conforming goods instead of immediately facing breach of contract claims. This rule, found in Section 2-508 of the New York Uniform Commercial Code, gives sellers an opportunity to fix delivery issues and fulfill the agreement. In situations where disagreements over co
Reza Yassi
Nov 6, 2024
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