Business Law Professionals
Financial infidelity between business partners
Financial infidelity is something that is often talked about in the context of marriage. It generally just means that couples are not honest with each other about their finances. A person’s spouse may lie to them about spending, debt, or income levels, for example....
When a vendor abruptly increases their prices
Working with specific vendors can help organizations keep their costs predictable. A long-term vendor contract can protect a client organization from unpredictable costs or an inability to source key goods or materials. They can potentially rely on regular deliveries...
2 reasons business partners should have complementary skills
When someone is looking for a business partner, there is often a natural inclination to look for someone who is similar to themselves. It is easier for them to get along; they see things the same way, they are more likely to have similar goals and their visions for...
3 steps to handle partner debt in business divorce
When business partners separate, dividing shared debt creates tension. Unpaid company debt can leave you personally responsible for balances long after you leave the business. Taking clear legal steps to divide debt protects your personal bank account. Conduct a...
Disputes arising from ambiguity in business contracts
Many business divorces stem from contract disputes. Cases of co-owners, partners or shareholders ending a business relationship because of contract-related issues are common. Disagreements typically involve day-to-day operations, profit distribution, compensation,...
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...
Subscribe To This Blog’s Feed