Business Law Professionals
When mediation or arbitration makes sense for a “business divorce”
When business partners face insurmountable differences, it may be necessary to end their relationship via a “business divorce.” This process often involves complex financial issues, operational disagreements and strained relationships. Many owners want a process that...
Warning signs of an impending shareholder dispute in New Jersey
Shareholder disputes rarely happen without warning. In closely held New Jersey corporations, tension often grows slowly. It can build through daily decisions, poor communication and rising resentment. Spotting the red flags early can help business owners intervene...
When can you sue for trade secret misappropriation?
Employees often leave a company with valuable knowledge and experience. While they are generally free to use their skills in a new job, they cannot take or misuse confidential business information that qualifies as a trade secret. When an employee improperly uses...
What you must know before entering franchising in New Jersey
New Jersey is a non-registration state, which means that you do not have to file, register or get approval from a state to start franchising your business. Despite this, you gain protections under the New Jersey Franchise Practices Act (NJFPA). As an entrepreneur...
How is AI use increasing litigation risk?
The influence of artificial intelligence (AI) is seeping into ever-expanding areas of life. As a business owner, this is something you need to take seriously, as it can make businesses more likely to face legal action. Even if you have not embraced AI, many of those...
5 warning signs your business partnership might be in trouble
Even the strongest partnerships can face serious challenges. This is especially true in newer businesses where partners constantly alter roles, responsibilities and financial structures. In New Jersey, most business disputes do not start with a massive fight. Instead,...
Why should small business owners take disputes seriously?
Small business owners wear many hats in their business. Keeping everything running is usually a delicate balancing act. When anything goes amiss, there’s a good chance that it will disrupt that entire balance. Disputes are sometimes one of the most challenging...
Breach of fiduciary duty can lead to business litigation
A fiduciary duty means that a person has a legal duty (usually financially-related) to someone or something else, other than themselves. This term is often used in estate planning, as an estate executor has a fiduciary duty to the deceased and the estate. But it also...
Business partnerships and financial conflicts
One potential reason for conflict in a business partnership is that there are financial issues the partners have not resolved. This is why it can often be helpful to draft a partnership agreement addressing these issues upfront. Financial conflicts can grow...
What triggering events allow for the use of a buy-sell agreement?
The simplest partnership buyouts or business divorces unfold between partners who have already established clear terms for the upcoming transfer of ownership. A buy-sell agreement is a common component of a partnership contract. Partners may have established...
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