Arbitration agreements can save time and money compared to taking a case to court. New Jersey businesses often include them to streamline conflict resolution and avoid lengthy legal battles. Understanding how these clauses and contracts work can help businesses and...
Business Law Professionals
Contract Disputes
Common contract mistakes to avoid
When drafting or signing any contract, it's crucial to be cautious to avoid common pitfalls. A contract is a legally binding agreement between two or more parties, and mistakes can lead to disputes or legal challenges. Not defining terms clearly One of the most common...
4 common causes of partnership agreement disputes
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....
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...