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...]
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...]
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...]
Contracts That May Be Unenforceable
Circumstances That Can Invalidate an Agreement As the law of contracts has evolved over centuries, certain requirements have been established to ensure the enforceability of an agreement. Accordingly, a number of situations have been identified … [Read more...]
Affirmative Defenses to Allegations of Breach of Contract
If you're in business, you have regular exposure to contracts, both written and oral. You may also have the experience of dealing with situations where a party has failed to meet obligations under an agreement. Though the breach of a contract can … [Read more...]
Common Defenses to the Enforceability of a Contract
In an earlier blog, we identified the specific elements of a valid and enforceable contract: An agreement Supported by consideration Voluntarily entered into By persons with contractual capacity With a subject matter that is … [Read more...]
