Business Law Professionals
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...
Reasons to send out notices of dissolution
When you are in the middle of dividing up your business assets between yourself and one or more partners, you should be careful not to neglect certain steps that are necessary to dissolve your business. Ending a business can be a stressful time. You should know that...
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 are your options when your partner breaches a contract?
A New Jersey business partnership requires a certain level of trust. Yet, even the strongest business relationships have the potential to hit roadblocks. While simple disagreements between partners are bound to arise every now and then, sometimes, a partner’s actions...
Reviewing a partnership agreement
Whether you are an entrepreneur considering the benefits of working with a partner or you are in the middle of a dispute, it is pivotal to review various factors related to business partnerships. For example, make sure you carefully go over the details of a...
How are trade secrets protected?
According to the National Law Review, trade secrets are extremely valuable to so many businesses. That is why business owners must protect them at all costs. Trade secrets typically have a few important elements. They are not known or accessible by others, they have...
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...
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