A discussion of confessions of judgment and the use of summary judgment in lieu of complaint in light of the amendments back in 2019 that made confessions of judgment unenforceable against out-of-state residents. The author comments that “although the amendment is over four years old, I still regularly see litigants demanding confessions of judgment from out-of-state residents in connection with settlement agreements, which are ultimately unenforceable.”
ноября 20, 2023 at 11:00 AM
By Jason S. Giaimo | ноября 20, 2023 at 11:00 AM
The procedural device known as a “confession of judgment” has long been a valuable tool to quickly and efficiently obtain a judgment for a sum certain against another party. As a result, confessions of judgment are often used in settlement agreements and other transactional documents in New York whereby a confession of judgment is held in escrow to be filed if a party fails to fulfill their obligations to pay a sum certain.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
By Kevin G. Faley and Andrea M. Alonso
7 minute read
By Judith Archer, Sean Topping and Joe Hughes
8 minute read
By Stephen M. Kramarsky
12 minute read
Presented by BigVoodoo
With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.
Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.
Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
September 24, 2024Women, Influence & Power in Law Awards honors women lawyers who have made a remarkable difference in the legal profession.
September 23, 2024 - September 25, 2024WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.
Public Finance Attorney wanted for established New Jersey bond counsel firm located in Cranford, New Jersey. New Jersey municipal and schoo.
Experienced tax attorney to assist growing corporate practice. Candidate should have a minimum of 7 years' experience in corporate and par.
University of California College of the Law, San Francisco ( UC Law SF, formerly, UC Hastings ), located in downtown San Francisco, seeks.
