Business Law Professionals
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...
Business divorce vs. dissolution: what’s the difference and why it matters
Perhaps growth has stalled or visions for the future diverged. Whatever has led to this point, business owners who find themselves considering a business divorce have several exit paths. Dissolution is only one of them. The choice for how to move forward with the...
Different priorities could lead to the breakdown of a partnership
When a business partnership breaks down, it can happen for a variety of reasons. Maybe one partner does not trust the other. Maybe there are conflicts over financial decisions. Perhaps one partner feels like they are being asked to do the bulk of the work, but they...
What is the difference between defamation and trade libel?
False statements can damage your business in multiple ways. A competitor might spread lies about your company's ethics or make untrue claims about the quality of your products. While both scenarios involve harmful misinformation, the law treats them differently....
How business valuation disputes are resolved in New Jersey
When business partners in New Jersey decide to go their separate ways, the hardest question is often the simplest one: what is the business worth? The answer determines how much a departing owner receives or how much a remaining owner pays. When both sides bring...
How to resolve commercial disputes without going to trial
Commercial disputes can happen even when businesses begin with clear contracts and strong working relationships. If you run a company, a disagreement over payments, deadlines or contract terms can disrupt your operations. You may assume that filing a lawsuit is the...
Removing a business partner for misconduct in New Jersey
If your business partner commits misconduct, you cannot simply push them out. New Jersey law and your company’s written agreement control what you can do. Acting without legal authority can expose you and the business to lawsuits. Review your governing documents first...
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