Blog
- How Does the Uniform Commercial Code Apply to the Law of Contracts?
Mar 16, 2022
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 written opinions known collectively as the “common law.” Those laws often varied significantly from state-to-state, making interstate commerce somewhat challenging. In the late 19th century, legal professionals came together and drafted certain...Read More - The Uniform Commercial Code—Bringing Stability to Business Transactions
Mar 10, 2022
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, what it referred to as the “common law.” However, in the 1890s, a movement arose to draft “uniform” laws, which attempted to incorporate much of prior common law into statutes (written laws enacted by...Read More - Equitable Remedies for Breach of a Business Contract
Feb 7, 2022
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 expenses, or lost opportunity costs. In some situations, though, the payment of cash by one party will be deemed inadequate or insufficient to cover the other party’s losses. In such situations, the court may grant the non-breaching party certain...Read More - Protecting Your Personal Assets with a Corporation
Feb 1, 2022
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 estate from creditors or persons suing the business. As a shareholder in a corporation, you can only be liable to the extent of your investment, i.e., the amount you paid to purchase your shares of stock in...Read More - Non-Compete Agreements in New Jersey
Jan 6, 2022
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 what they know and open shop across the street, unfairly competing with you after you’ve taught them all you know. Can you require that an employee sign an non-compete agreement in New Jersey...Read More - General Partnerships in New Jersey
Jan 4, 2022
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 the advantages and disadvantages of the general partnership form? What Is a General Partnership? A general partnership is a legal arrangement between two or more people, by which they agree to share certain...Read More - Wishing You And Yours A Merry Christmas & Happy New Year
Dec 24, 2021
We are sending holiday cheer to you in the hopes that you and your family have a very Merry Christmas and a healthy New Year. As we look forward to 2022 we humbly pray that the new year brings a new sense of peace and joy as we enter the new year ready for a return to normalcy and prosperity. Merry Christmas & Happy New Year...Read More - Creating a Limited Liability Company in New Jersey—Part Two
Dec 2, 2021
Finalizing the Establishment of an LLC You’re embarking on a new business venture and you’ve decided that a limited liability company is the optimal form for your enterprise. You’ve selected a name that won’t interfere or unfairly compete with an existing business and you’ve appointed a registered agent to accept service of any legal papers or documents. There are just a few steps left to make your new commercial entity official. File with the State...Read More - Creating a Limited Liability Company in New Jersey—Part One
Nov 29, 2021
Taking the Steps to Properly Set Up a New Business Enterprise When you’re looking to go into business for yourself, one of the most important decisions you’ll need to make focuses on the legal structure of your business—do you want to operate as a sole proprietorship, partnership or other business form. If you’re looking for the protection of your personal assets, minimal tax burden and simplified creation and legal maintenance, a limited liability company, or...Read More - Happy Thanksgiving
Nov 25, 2021
On this Thanksgiving Day, we take time to express our daily gratitude for the simple pleasures of life—good friends, family, people we hold dear. As we gather together, help us be grateful and let us share our bounty with our brothers and sisters...Read More