New Jersey based health-care products company Johnson & Johnson is involved in a breach of contract suit. Reports say that the company has sued drug maker Boehringer Ingelheim over a contract dispute. Boehringer makes lung cancer medication and a system of testing genes to determine which medication is most appropriate for a specific patient.
New Jersey readers may be interested to know that Oscar winning actress Octavia Spencer has recently sued a weight loss company for breach of contract. The company, Sensa, sells weight loss products that are sprinkled on people's food to help them feel full faster. According to reports, Sensa and Spencer had an agreement where Spencer agreed to be a company spokeswoman.
A 21-year-old New Jersey contract dispute has finally reached an end. A judge recently ruled that a real estate mogul from New Jersey had cheated his business partners out of revenue that they deserved from an apartment complex. The development contract involved a 764-unit apartment complex that the man and several members of his family had built as part of a deal with two business partners.
Contracts for builders are important in New Jersey because they help to define what is expected of the builder by building's owner. A contract helps to define everyone's responsibility during the project and the remedies if people do not uphold their end of the bargain. Once a contract has been signed, people on both sides rely on the promises made in the contract. If those promises are broken, it is possible that a breach of contract has occurred and a lawsuit may be brought. These types of contract disputes can be complex and time consuming for contractors and businesses alike.
Almost all businesses have some contract -- in one form or another -- that they are a part of. There are contracts between companies, contracts between a business and a customer, leases, and employee contracts, among others. These contracts define how a business should act under a wide array of business situations.
A judge has recently decided that a New Jersey man cannot sue media giant Time Warner Cable. According to the man, the he signed a contract with the cable company in November 2008. As part of that contract the man was supposed to receive MSG sports channels and programming.
While many people in New Jersey may not think that Hollywood stars are involved in complex contracts or contract disputes, many of them are. Actors and actresses not only work on television and movie productions, many of them also own or run businesses that capitalize on their fame. They, too, are business people and from time-to-time disputes arise.
A contract is a legally binding agreement made between two or more parties. The contract's terms outline how each party is supposed to perform in order to satisfy the agreement. When parties do not perform the way the other party to the contract thought that they would, then contract disputes arise. This dispute could be caused by unclear contract terms or because there has been a breach of contract. In New Jersey, when a breach of contract occurs the breaching party may be liable for damages.
In essence, contracts are a series of promises between the parties to the contract. Each party promises to give something in return for the other party's performance. When one of the promises between the parties is broken a breach of contract has likely occurred.
A New Jersey man has recently filed a class-action lawsuit against United Technologies in a New Jersey court. The litigation has apparently arisen out of a contract dispute. United Technologies is a company based in Connecticut that makes global aerospace services and products.