Dunn Lambert, LLC
We mean business
Comprehensive legal services for businesses in New Jersey and New York call 201-957-0874
Dunn Lambert, LLC
comprehensive legal services for businesses call 201-957-0874

Fortis hopes for successful land acquisition in New York

Negotiating any form of business contract can be a complicated process. The larger the scale of the deal, the more parties may be involved and the harder the matter can be to settle. An added level of difficulty arises if one or more of the parties do not honor their part of the agreement. Having previously faced contract litigation in New Jersey, Fortis Property Group has recently bid on a failing hospital located in New York.

The new bid is for Long Island College Hospital, a hospital that has been on the brink of closure for the greater part of the past year. However, seven years ago, it appeared that Fortis Property Group was prepared to take over New Jersey's Bayonne Medical Center. However, as the property was set to be sold, Fortis' lawyer issued a statement that it had not made a deal to buy the medical center. The group claimed that they had not authorized an intermediary to sign the purchase agreement for $22.5 million.

A spokesman for Fortis claimed that the group had decided not to pursue the purchase as it had not seemed profitable. However, the outlook for the Long Island College Hospital is hoped to be different. The spokesman claims that the group's interest in redeveloping the hospital has been far more explicit, and it intends to submit a proposal to that end.

Contract disputes can result in lengthy and expensive processes in order to resolve them. This can be a sensitive matter to handle alone, so it may be helpful to seek advice and feedback on the situation. By fully understanding the legal obligations of your contract and challenging any breaches, you can work toward a fair resolution in the best interests of your business.

Source: The New York Times, "Bidder for Long Island College Hospital Has Checkered Record in Role of Rescuer," Anemona Hartocollis, March 18, 2014

No Comments

Leave a comment
Comment Information

Office Location

google plus

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map
Phone: 201-957-0874
Fax: 201-291-0140
Telephone: 212-768-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2016

GET ANSWERS from a firm
with a sense of business.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Review US
Subscribe to This Blog's Feed FindLaw Network