Business Law Professionals
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...
When would a merger be worth considering?
If your New Jersey company is struggling to remain profitable on a regular basis, it may be a good idea to consider merging with another business. This may give your firm access to quality employees, a larger customer base or other resources that it needs to be...
Know your options when a business partner breaches the agreement
When you created your business partnership, you probably made an agreement that outlines what responsibilities each partner owes to the other(s). Ideally, you made this agreement in writing so that it would be easier to enforce. However, the agreement may still be...
Make sure the non-compete agreement is valid
Business owners may find themselves involved in litigation when they learn that a former employee violated a non-compete agreement. However, people need to make sure that this agreement is enforceable or they may not have a valid case. There are several steps that...
Should Small Businesses Accept Cryptocurrency?
Big businesses and financial service firms are making moves in the cryptocurrency space. Tesla accepted Bitcoin for payment until it recently reversed its decision for alleged environmental concerns. PayPal allows its U.S. users to buy, sell, hold and check out with...
What to do when facing a hostile takeover
If you own or are involved in managing a small to midsized business in New Jersey, it may be a good idea to familiarize yourself with hostile takeovers and how to fight them. A hostile takeover is when one business gains control of a public company against its...
6 tips to know before a business partnership divorce
Regardless of the why, dissolving a business partnership is like a divorce. New Jersey partnerships can end amicably or land angry and in court. Take the high road and prepare with these six tips to know before a business divorce. 1. Tread carefully If it's time to...
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