Business Law Professionals
“Termination for convenience” explained
Securing a contract with a new business partner prompts excitement within any business in New Jersey given what such an agreement represents. Contractual work means continued stability for a company provided that they do nothing expressly forbidden by the contract's...
How can I run a business with a former spouse?
When you divorce as a business owner, you may have some tough choices to make. To keep your business, you may end up having to run your business with your ex-spouse. For some people, this may be easy to do, but others may struggle. If you have concerns about your...
How to structure your business acquisition
If you are considering acquiring an existing business, you will need to determine how to structure the transaction. Under one method, you can buy the stock of the existing shareholders. An acquisition can also occur by purchasing all or most of the business's assets....
Why do business partnerships fail?
The beginning of a business partnership is often an exciting time, full of high hopes, fresh ideas, and, most importantly, good will. Why do business partners so often look back on this period and wonder where it all went wrong? By understanding the key causes of...
Determine your business’s value when a partner wants to leave
When you run a New Jersey business alongside partners and one of those partners wants to leave, you need to figure out the value of the business. You may decide to use a professional evaluator to do this, and if you do, he or she may use one of three methods to figure...
4 types of alternative dispute resolutions
When it comes to commercial litigation, one of the fastest-growing procedures in this area of law is that of alternative dispute resolutions. Through this legal process, parties on both sides of a conflict can work together with the help of a neutral third party to...
Do you qualify for New Jersey’s Complex Business Litigation Program?
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...
Creditors may raise allegations of voidable transactions
Unsecured creditors and secured lenders may protect their assets from a debtor's insolvency. Regardless of the nature or severity of a debtor's financial issues, creditors may file a legal action to recover unpaid obligations. As described by the Administrative Office...
Signs your business partnership has run its course
Just as romantic relationships sometimes run their course, the same holds true when it comes to New Jersey business partnerships. When the relationship between you and your business partner or partners sours, it may have a direct impact on your ability to run a...
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....
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