A business plan is an essential document that can provide focus and direction for a company. It is also an essential document to have when asking for a loan or for an investor's money. There are four types of business plans that one can depending on its needs. The...
Business Law Professionals
Year: 2014
Understanding the legal options in an internal business dispute
New Jersey businesses may be interested in some options in situations where a partner is not performing as expected. These options may be built into the corporation or may require the assistance of a court. A non-performing partner can be a huge detriment to a...
Defining a breach of contract and its consequences
Whenever a business transaction occurs, a business owner and a customer both agree to the conditions and terms of the sale. Typically, those provisions are outlined in a sales contract that becomes legally binding to both parties. The contract represents the seller's...
Examining ways to protect trade secrets with company employees
Bergen County businesses who own valuable trade secrets may be interested in issues that may exist with their employees. Through the use of employment contracts, these trade secrets can be given legal protection that goes beyond company or social norms. In many...
Understanding more about contracts
New Jersey residents may benefit from learning more about the dangers associated with oral contracts. More often than not, people participating in contracts are typically advised to get the terms documented in writing. Many law students are taught that a contract does...
Navigating and avoiding partnership disputes
In New Jersey partnerships, disputes can lead to the potential loss of money, the loss of customers and wasted years. It is generally in the best interest of business partners to attempt to resolve any disputes in a reasonable and amicable fashion. It may be possible...
Closely held corporations in New Jersey
There are several different types of entities in the world of business that are defined in the IRS's Internal Revenue Code. Each entity has its own tax implications and slightly different filing statuses. The entity that a business chooses can affect how the business...
AgFeed shareholders facing off against Hormel Foods in court
New Jersey business owners may not be aware that Hormel Foods Corp. is facing a lawsuit after AgFeed Industries filed a complaint in U.S. Bankruptcy Court, the same court where the company filed for bankruptcy in July 2013. The suit is seeking an unknown amount in...
Trade secrets can be protected by written agreements
Business owners in New Jersey who have trade secrets to protect could be interested in the following information. Protecting against disclosure of trade secrets can be accomplished through the use of a contractual agreement. The two types of agreements are generally...
McDonald’s ruled co-employer with its franchisees
New Jersey franchise owners may be interested in a recent decision by the National Labor Relations Board, which ruled that McDonald's is a co-employer with its franchisees. While the ruling is currently limited to McDonald's, the precedent may pave the way for other...