   Anyone in business should be careful to note whether their
contracts contain “integration clauses.”  A so called
integration clause makes the contract “king” in terms of the
promises and representations of a party to a transaction.  In
other words, if there is an integration clause in a contract
that says “X”, even if one party may have orally maintained “Y”
throughout the dealings with the other party, the other party
will likely be cut off from using the oral representation of “Y”
against the other party, because the contract states “X”. 
Nowhere is this more true than in the private investment
context.  One New York case in particular demonstrated how an
integration clause can foreclose an investor claim against the
company in which he invested in.  In Basel v. Traders Commercial
Capital, LLC, 50775U Slip op. (N.Y.Sup.Ct. 2006), a 2006 ruling
from the New York Supreme Court in New York County, the Court
upheld the integration clause contained in the Operating
Agreement and Subscription Agreement, which