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Category: Business Litigation

Internal Revenue Code Changes of Widespread Interest in the House Passed Version of President Biden’s Build Back Better Act

By Robert S. Schwartz, Esq.  Build Back Better Act Legislative Process On November 19, 2021, the House of Representatives passed a version of President Biden’s Build Back Better Act (“BBB”). Unfortunately, the Office of the Clerk of the House does not update legislative text as neatly as one would like. Consequently, since the passed House …

Considering alternative dispute resolution for your company

A legal dispute has the potential to cost your company a significant amount of money to resolve. In addition to the impact on your resources, it can divert your time and mental focus, and it’s important for the long-term well-being of your business to seek a beneficial resolution. This is why some companies prefer alternative …

Is your business ready for these 6 common lawsuits?

Before you started your business, you likely planned for months or even years. You may have carefully laid out a business strategy and devised a routine for day-to-day operations, all the while seeking the advice and support of veterans and experts in your field. Planning is a wise step because it can help you foresee potential …

Taking a contract breach to court

Business contracts do not always prevent misunderstandings or disagreements between the parties who sign them. Nevertheless, you know as a business owner that the chances are much higher of facing a serious dispute with a customer, employee, vendor or another business with whom you work if you do not have a contract in place. Strong …

A close look at non-compete terms in a contract dispute

Employment contracts are an important tool for most types of companies. In this type of contract, a New Jersey employer can outline expectations and responsibilities for both parties during the employment term, reducing the chance of a conflict. It is also possible to include terms that will protect the interests of the business, such as …

Banks have legal obligations to protect consumer data

Running a banking institution involves garnering consumers’ trust. After all, no one wants to bank with a company that seems lax in its protections or does not follow federal and New Jersey state laws. In particular, bank owners and operators want to ensure that they protect consumers’ personal information and data, and understanding their legal …

What are my options when my partner breaches our agreement?

Ideally, you and your business partner worked out a written agreement that defines the expectations of your partnership. Your agreement likely outlines how you will share the duties, expenses and profits of your New Jersey business as well as how to set and adjust the company’s goals. However, does your partnership agreement say what should …

Will mediation or arbitration resolve your business dispute?

Business disputes can disrupt your productivity, staff morale and your company’s reputation, not to mention your bottom line. Resolving disputes as quickly and peacefully as possible is in your best interests, and this may mean staying out of the courtroom, where it is easy to lose control of the situation. Whether your dispute involves an …

What is the difference between arbitration and mediation?

New Jersey business owners like you need to have preparations for handling disputes. There are many methods to do this. Three primary ways are through arbitration, litigation and mediation.  Litigation is often the option you want to look at last. Mediation and arbitration both offer benefits that you may want.  Litigation, arbitration and mediation  FINRA …

How the Misclassification Package Affects Business Owners

In January of this year, the New Jersey governor enacted a group of laws called the Misclassification Package. As the name suggests, these new regulations prevent businesses from incorrectly classifying employees as independent contractors.  If you own or manage a business with employees, familiarize yourself with the new laws governing employee classification in New Jersey.  Stop-work …

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