If you and your company are about to become involved in a major lawsuit, it may be to your advantage to engage in New Jersey’s Complex Business Litigation Program. The New Jersey Judiciary explains that the purpose of this special program is to more easily resolve...
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3 tips for purchasing an existing business
For New Jersey residents who possess the entrepreneurial spirit, the thrill of owning their own business is hard to match. While many people assume that being an entrepreneur means that you have to start your own business from the ground up, that’s not necessarily the...
Terminating a franchise agreement before its expiration
Some of the reasons that may cause a franchisee to decide to terminate a contract prior to its expiration include fraud or misrepresentation. Franchisors providing false or misleading financial statements may have engaged in deception, as noted by Franchise Gator....
Preparing to sell a business structured as a pass-through entity
Partners considering an exit strategy from their pass-through businesses have several options, and knowing the purpose of a sale helps prepare for the future. Owners working out a business divorce may, for example, decide to retire or start another enterprise. Based...
Alternative dispute resolution may help solve commercial conflicts
When it comes to a commercial contract dispute, litigating and litigating aggressively have often been the common wisdom. However, there may be cases where at least attempting to negotiate a settlement may lead to a preferable outcome for both parties. From...
What to do when facing a hostile takeover
If you own or are involved in managing a small to midsized business in New Jersey, it may be a good idea to familiarize yourself with hostile takeovers and how to fight them. A hostile takeover is when one business gains control of a public company against its...
6 tips to know before a business partnership divorce
Regardless of the why, dissolving a business partnership is like a divorce. New Jersey partnerships can end amicably or land angry and in court. Take the high road and prepare with these six tips to know before a business divorce. 1. Tread carefully If it's time to...
Using mediation as ADR in business divorce cases
Divorces can be a very difficult time in anyone's life. Emotions are typically already very high, and bickering over ownership of property makes the situation even worse in many cases. All divorces are assuredly different and often complicated, but the need to craft a...
Buying an existing business? Consider these factors
There are many advantages to taking over an existing business rather than founding a new one. Existing businesses have already established themselves in the market, developed a customer base and built a reputation. They have a track record that can show you what has...
Is your employee handbook an implied contract?
When you hire a new employee who has exceptional qualifications, you may be excited to welcome him or her into your company. On those first days of orientation and settling in, you are likely to have many conversations with your new hire, and you may intend those...
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