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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 …

What is earnest money, and how much will you pay?

When deciding to make a significant financial transaction, it is important for individuals to know exactly what they are getting into. For example, if New Jersey residents are ready to buy a home, they need to understand that a lot more money goes into the process than simply the asking price for the property. In …

Good employment contracts are good for business

One of the most important aspects of running a business is maintaining solid relationships with employees. A critical component of a positive relationship between employer and employee is a thoughtful contract that protects the interests of both parties. If you own a business or are in management, you need employment contracts to shield both you …

Loan agreements can protect the interests of banks, borrowers

Lending money is a tricky business. Though New Jersey banks, credit unions and other financial institutions handle these matters regularly, it is important that the details of every loan transaction are reviewed carefully. Loan agreements work to protect both the lender and the borrower, and it is crucial that those terms meet the needs of …

A reasonable accommodation interview could benefit everyone

It is important that New Jersey employers stay compliant with applicable laws that pertain to their employees. In particular, if an employee requests a reasonable accommodation due to a disability, it is important that the employer perform his or her due diligence by finding out more information before approving or denying a request. If proper …

Corporate bylaws can lay important groundwork

Choosing to incorporate a company is a major step for any business owner. Incorporation can mean taking additional steps to ensure that everyone involved in the company is on the same page and that the appropriate New Jersey laws have been followed to incorporate properly. Specifically, drawing up corporate bylaws is an important part of …

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 …

Construction disputes could be handled with ADR

Running a construction operation is not a foolproof business. In fact, many New Jersey construction company owners commonly run into issues during projects. These issues can arise for various reasons, and many can be resolved easily. However, some problems may pose a considerable threat to the project and put a company as risk of losing …

Giving to charity could be an important part of your estate plan

Planning for the future is a critical step for New Jersey adults of all ages and income levels. When creating a plan, it is important to consider what the long-term objectives are for your wealth and assets. Depending on your individual goals, you may want to give to charity or a non-profit organization through your …

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