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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
