A contract between lender and borrower establishing the terms of a loan including principal amount, interest rate, repayment schedule, and default provisions. New York's employee-friendly legal climate creates specific considerations for LA drafting and enforcement.
Analyze Your LA Free →New York applies strict "employee choice doctrine" — must choose between severance or non-compete enforcement.
New York courts apply four-part test and regularly decline to enforce non-competes they deem unreasonable.
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