Business partnerships can expand your company’s access to greater opportunities with a wider range of skills. However, they also come with some challenges. When the partnership agreement leaves room for interpretation, it puts both of you at risk of misunderstandings....
Business Law Professionals
Contract Disputes
Third-party interference can disrupt your business dealings
As a business owner, you rely on your relationships with partners, vendors insurers and subcontractors to effectively manage your operations. When someone deliberately disrupts your contractual relations, their actions may constitute tortious interference. Tortious...
4 reasons a franchisor may close a franchise
Signing a franchise agreement creates a business partnership, and a franchisee must stick closely to the contract or become at risk for a breach that could lead to litigation. A breach could also lead the franchisor to close down the business if it is significant...
Three FAQs about noncompetes in New Jersey
When many employers hire an employee that will have access to valuable internal information, they ask them to sign a noncompete agreement. Noncompetes (also known as restrictive covenants), offer an excellent means of protecting the financial interests of the...
Terminating an employee who has an employment contract
If a New Jersey employee is performing poorly or causing problems in the workplace, the employer may want to let that individual go. However, if the employee in question has an employment contract, this may complicate matters because there may be legal protections...
The types of contracts
Contracts in New Jersey come in a wide variety of different forms. It is imperative for proper business function to identify the proper type of contract for any situation and deploy it correctly. Any contract must follow the law correctly if it is to be regarded as...
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...
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...
Lawsuit filed over $66 million contract
A construction company based in the borough of Wood-Ridge filed a lawsuit in New Jersey on July 7 in an attempt to get the award for a $66 million contract overturned. The plaintiff claims that the winning bidder of the contract doesn't have the electrical...
Trenton fined for 2-year past due invoice
With the state of the economy seemingly forever in flux, it can be a challenge for some businesses to stay afloat. This is not made any easier when those you do business with renege on their agreements. A breach of contract can be harmful for all involved and...
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