Prohibited Activities under State and Federal Laws While the American free enterprise system promotes competition for the benefit of consumers, there is still are requirement that the forms of competition engaged in follow some basic rules. When … [Read more...]
Why You Don’t Want to Run Your Business as a Sole Proprietorship
The Benefits of a Corporation or Limited Liability Company (LLC) In the state of New Jersey, you can open for business as a sole proprietorship without filing any documents with the state government. You may want to choose a separate name under … [Read more...]
Tortious Interference with a Business Contract
Your Rights When a Competitor Wrongfully Interferes with Your Business Agreement Suppose that you work really hard to get a contract with a new customer. That customer has other agreements for different products with another vendor. That other … [Read more...]
Common Mistakes Made by Small Businesses
Simple Strategies that Can Improve Your Chances of Success Successfully building a small business from scratch can be a daunting prospect. According to federal government statistics, about one in five new small businesses fail within 12 months and … [Read more...]
How Does the Uniform Commercial Code Apply to the Law of Contracts?
When Does the UCC Apply? | What Types of Issues Does the UCC Regulate? As long as humans have engaged in commerce, contracts have existed, in some form or other. For centuries, the rules governing contracts were handed down by judges, compiled in … [Read more...]
The Uniform Commercial Code—Bringing Stability to Business Transactions
What Is the Uniform Commercial Code | When Does It Apply? Throughout history, as human beings have conducted business, disputes have arisen and legal rights have had to be enforced. For centuries, most of those laws were found in judicial decisions, … [Read more...]
Equitable Remedies for Breach of a Business Contract
When Monetary Compensation is Inadequate In most instances, when a commercial contract has been breached, the non-breaching party seeks payment of monetary compensation to cover its losses. It may take the form of lost profits, out-of-pocket … [Read more...]
Protecting Your Personal Assets with a Corporation
Shielding Yourself from Personal Liability When you are starting a new commercial enterprise and are evaluating the potential business forms, one of the more attractive features of the corporate form is that it provides protection of your personal … [Read more...]
Non-Compete Agreements in New Jersey
Are They Valid? What Are the Legal Standards for Enforceability? You've worked hard to build your business from scratch. You have key employees, who have been essential to the growth and success of your business, but you worry that they may take … [Read more...]
General Partnerships in New Jersey
The Advantages and Disadvantages You're looking to start or build a new business, and have others you want to join you in the enterprise. Should you consider setting up your company as a general partnership? What is a general partnership? What are … [Read more...]
