Business or commercial law encompasses a vast scope that includes everything a business and its owners and partners, managers, employees and other entities they deal with all have to face. One of these unavoidable aspects is litigation. It could be about anything from intellectual property infringement to contract disputes and product liability claims. These and other such forms of commercial litigation NJ law firms handle require the legal services to be rendered by capable lawyers who know how to navigate through the maze of federal and state laws and courts.
It's not just about handling disputes in the courts, either. This kind of work usually requires the ability and qualifications to settle the issue through alternative dispute resolution, if possible. To be specific, the lawyers involved must be certified as arbitrators by the Superior Court of New Jersey, and also as mediators by the NJ Supreme Court.
A lot of cases for which businesses call in the lawyers tend to involve a breach of contract. It's not surprising since contracts are an essential part of just about any transaction or arrangement between the business and other entities. When a contract isn't fulfilled as per the terms, lawyers are called in to sue the other party or defend the client.
Another common occurrence that needs a more delicate response is a disagreement between the people involved in the business. Two or more squabbling partners can easily end up destroying the business before eventually parting ways. The lawyer, if called in before it's too late, may be able to broker an amicable resolution or at least ensure that the business is not hurt when one or more partners quit.
Similarly, it is incumbent on the lawyer to ensure the firm isn't hurt when shareholders or other investors sue the management and/or directors. This is typically for breach of fiduciary duties. It means that executives or a member of the board is accused of hurting the company by making decisions that put their own interests ahead of what is best for the company.
Many businesses keep lawyers on a retainer for the express purpose of protecting the firm's interests, as and when such protection is required. Intellectual property is an ideal example here. It's not something that happens every day, but if someone is making unauthorized and unlicensed use of their client's copyrighted and trademarked materials, it has to be stopped.
Another key issue that may pop up at any time is a product liability claim. A loss in of these cases is highly damaging. It could drive insurance premiums sky-high, and may even result in more customers piling on through a class-action that ends up bankrupting the firm. It's vitally important to get rid of these cases as quickly as possible and in a manner that prevents further damage.
Restrictive covenants and employee lawsuits are just as dangerous. Labor disputes, work-related injury claims, harassment and discrimination cases all have the potential to turn into government investigations with a huge amount of negative publicity. An employee who joins a competitor and discloses Intellectual property can also cause a lot of damage. Protecting the business from all this requires lawyers who are not only skilled at destroying opponents, but also possess the ability to work out a compromise that preserves the reputation of the business and prevents any more damage.
It's not just about handling disputes in the courts, either. This kind of work usually requires the ability and qualifications to settle the issue through alternative dispute resolution, if possible. To be specific, the lawyers involved must be certified as arbitrators by the Superior Court of New Jersey, and also as mediators by the NJ Supreme Court.
A lot of cases for which businesses call in the lawyers tend to involve a breach of contract. It's not surprising since contracts are an essential part of just about any transaction or arrangement between the business and other entities. When a contract isn't fulfilled as per the terms, lawyers are called in to sue the other party or defend the client.
Another common occurrence that needs a more delicate response is a disagreement between the people involved in the business. Two or more squabbling partners can easily end up destroying the business before eventually parting ways. The lawyer, if called in before it's too late, may be able to broker an amicable resolution or at least ensure that the business is not hurt when one or more partners quit.
Similarly, it is incumbent on the lawyer to ensure the firm isn't hurt when shareholders or other investors sue the management and/or directors. This is typically for breach of fiduciary duties. It means that executives or a member of the board is accused of hurting the company by making decisions that put their own interests ahead of what is best for the company.
Many businesses keep lawyers on a retainer for the express purpose of protecting the firm's interests, as and when such protection is required. Intellectual property is an ideal example here. It's not something that happens every day, but if someone is making unauthorized and unlicensed use of their client's copyrighted and trademarked materials, it has to be stopped.
Another key issue that may pop up at any time is a product liability claim. A loss in of these cases is highly damaging. It could drive insurance premiums sky-high, and may even result in more customers piling on through a class-action that ends up bankrupting the firm. It's vitally important to get rid of these cases as quickly as possible and in a manner that prevents further damage.
Restrictive covenants and employee lawsuits are just as dangerous. Labor disputes, work-related injury claims, harassment and discrimination cases all have the potential to turn into government investigations with a huge amount of negative publicity. An employee who joins a competitor and discloses Intellectual property can also cause a lot of damage. Protecting the business from all this requires lawyers who are not only skilled at destroying opponents, but also possess the ability to work out a compromise that preserves the reputation of the business and prevents any more damage.
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