Many people who run a business wonder who will take over as owners or partners if they choose to step down or if a calamity happens and they can no longer serve as part of the business leadership. Failing to have a procedure in place to pass on ownership interest can...
Firm News
How can you avoid liabilities in your contracts?
A bad contract can ruin a deal. A good contract can lock in a solid business deal and secure your rights to property, money or services. How you draft the contract can determine whether the contract will be a liability or an asset. Forbes suggests ways to draft a...
Is this a reasonable restraint of trade?
New Jersey business owners like you may understand that most restraints of trade are not legal. In accordance, the penalty for the illegal restraint of trade is often hefty. But did you know that not all instances of trade restraint are illegal? In fact, there are...
3 effective strategies for preventing contract disputes
Litigation takes time, money and attention away from your business, and it may have a large impact on your business's bottom line. Contract disputes are common in business, but there are a number of actions you might take to reduce their likelihood and help protect...
401K splits in a divorce
Family homes, bank accounts, investments and even family businesses are among some of the things that married couples must find a way to split when they get divorced. Retirement savings like 401K accounts may also commonly be split as part of the property division...