Business & Commercial Law

Ownership percentages should be clearly laid out in a partnership agreement. They can be stated along with details like how profits should be split, how much investment is necessary, what roles each partner will have within the business, and much more. This is often a...

If you and a business partner started your company together, you may consider the dissolution of that partnership to be the end of the business. If the two of you decide not to work together anymore, you will simply have to close your doors. This can be necessary in...

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...

Even the strongest partnerships can face serious challenges. This is especially true in newer businesses where partners constantly alter roles, responsibilities and financial structures. In New Jersey, most business disputes do not start with a massive fight. Instead,...

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...

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...

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...

When you and your co-owner stop agreeing on key decisions, the conflict rarely stays small. You may struggle to approve budgets, sign contracts or even plan growth. Vendors and employees may also sense the tension. In New Jersey, this kind of stalemate can raise...

Your business partnership may be ending, but your partner still owes you legal duties. Even during a business split, you and your partner must follow certain fiduciary duties to each other. These duties help prevent unfair treatment during a tough transition. To...

A single disagreement between owners can quietly derail an entire company. When business owners fall into conflict, the damage often goes far beyond legal bills. Yet, many New Jersey businesses underestimate how a dispute can affect daily operations and long-term...