New Jersey Business Law eNewsletters

When a property owner fails to pay a contractor or subcontractor for supplies or services in connection with a construction project, the contractor or subcontractor can file a mechanic's lien against the subject property. If the property owner ever wants to sell or refinance the property, he or she typically has to pay off the debt secured by the mechanic's lien before being able to do so. Why File a Mechanic's Lien? The mere threat of a mechanic's lien motivates many property owners to pay contractors and subcontractors. When a property owner does not pay, a mechanic's lien helps contractors and subcontractors collect the monies they are owed for a completed project. If you are a contractor or subcontractor who is not being paid for a construction project, a Monmouth County business attorney with construction litigation experience can help you understand all available legal remedies and assist you in filing a mechanic's…
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Pre-employment background checks can be an effective way for employers to minimize their risks when they hire a new employee. The accessibility of information on the internet makes it easy for employers to track down such items as credit reports, driving records and criminal records to learn what kind of a person an applicant is. If you are interested in conducting a pre-employment background check to help your company save time and money in its hiring practices, a Monmouth County business lawyer can provide guidance as to legal requirements. Benefits of Pre-Employment Background Checks By researching people interested in working for their company, employers benefit from the information they learn in several ways: Employers learn about the integrity of their applicants. Estimates range from a fourth to three-fourths of job applicants include misleading information on their resume or job application. Employers protect themselves legally. For positions involving children or the…
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An Arizona appeals court upheld a judgment of over $500,000 against a New York-based computer company after the company pursued an ex-employee for going to work at a competitor. The woman’s new employer terminated her after finding out about the dispute. Despite ambiguity in the non-compete clause, the court found that the woman’s new company was not in fact a competitor of her former employer. In Philadelphia, Pennsylvania, two sides reached a $2 million settlement over a restrictive covenant agreement. The plaintiff company fired the defendant after he refused to sign a restrictive covenant. The defendant went on to found another company. Even though there was no restrictive covenant in place, the plaintiff sued the defendant, alleging that he breached a restrictive covenant and misappropriated trade secrets. The defendant counter-sued the plaintiff for its baseless claims. The plaintiff ultimately had to pay $2 million to the original defendant for the…
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A pair of New Jersey high school sweethearts married and not only started a large family together, but also started a successful real estate firm. The couple bought properties, built commercial estates and passed the success on to their children. Their children continued the success of their parents by making good decisions and sound investments for the business. In the process of the family planning its real estate venture, they laid out plans to ultimately dissolve the successful company and cash in on their hard work. They hired a qualified real estate business attorney to help them with their plans to sell their multiple properties, and they liquidated their buildings as the time became right. The family enjoyed the fruits of their labor for years to come. New Jersey Business Succession Planning Part of starting and running a successful New Jersey business is planning for the end of the business….
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